Scopia Capital Management LP Buys Shares of 26,871 AMERCO (NASDAQ:UHAL)

Scopia Capital Management LP bought a new stake in AMERCO (NASDAQ:UHAL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 26,871 shares of the transportation company’s stock, valued at approximately $16,461,000. AMERCO makes up 2.0% of Scopia Capital Management LP’s portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC grew its position in shares of AMERCO by 3.0% in the first quarter. FMR LLC now owns 7,136 shares of the transportation company’s stock valued at $2,652,000 after purchasing an additional 207 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of AMERCO in the fourth quarter valued at $1,256,000. Lazard Asset Management LLC purchased a new position in shares of AMERCO in the fourth quarter valued at $35,000. Public Employees Retirement System of Ohio grew its position in shares of AMERCO by 23.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 5,223 shares of the transportation company’s stock valued at $2,371,000 after purchasing an additional 1,000 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of AMERCO by 9.8% in the fourth quarter. LPL Financial LLC now owns 1,373 shares of the transportation company’s stock valued at $623,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 34.33% of the company’s stock.

In other AMERCO news, major shareholder Grove Holdings Lp Willow bought 81,810 shares of AMERCO stock in a transaction that occurred on Tuesday, June 15th. The stock was acquired at an average cost of $551.76 per share, for a total transaction of $45,139,485.60. Following the completion of the transaction, the insider now directly owns 7,562,884 shares in the company, valued at $4,172,896,875.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.80% of the stock is currently owned by insiders.

Shares of NASDAQ UHAL traded down $1.79 during mid-day trading on Thursday, hitting $578.31. The company had a trading volume of 5 shares, compared to its average volume of 68,707. The firm has a market capitalization of $11.34 billion, a P/E ratio of 18.57 and a beta of 0.87. AMERCO has a 1 year low of $309.63 and a 1 year high of $657.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.09 and a quick ratio of 2.92. The business’s 50-day simple moving average is $572.26.

AMERCO (NASDAQ:UHAL) last announced its quarterly earnings results on Tuesday, May 25th. The transportation company reported $3.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.07 by ($1.31). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $999.16 million. AMERCO had a net margin of 13.45% and a return on equity of 12.81%. AMERCO’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.21) earnings per share.

AMERCO Company Profile

AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

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Institutional Ownership by Quarter for AMERCO (NASDAQ:UHAL)

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