U-Haul (NASDAQ:UHALB) Stock Price Up 0.4% – Time to Buy?

U-Haul Holding Company (NASDAQ:UHALB)’s share price was up 0.4% during mid-day trading on Monday . The stock traded as high as $56.71 and last traded at $56.68. Approximately 707,614 shares traded hands during trading, an increase of 154% from the average daily volume of 278,050 shares. The stock had previously closed at $56.46.

U-Haul Stock Down 1.4%

The firm’s fifty day simple moving average is $61.34 and its 200 day simple moving average is $53.54. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 392.10 and a beta of 0.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.57 and a current ratio of 1.77.

Institutional Trading of U-Haul

A number of hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC bought a new position in U-Haul in the second quarter valued at approximately $2,392,000. Ieq Capital LLC acquired a new position in shares of U-Haul in the second quarter valued at approximately $2,631,000. Finally, Public Employees Retirement System of Ohio acquired a new position in U-Haul in the 2nd quarter valued at approximately $372,000. Institutional investors and hedge funds own 35.74% of the company’s stock.

About U-Haul

U-Haul Holding Company, formerly known as AMERCO, is the parent company of U-Haul, a provider of do-it-yourself moving and storage services in the United States and Canada. Its offerings include rental trucks, trailers and towing equipment, along with moving supplies, portable moving containers and transportation-related services.

U-Haul also operates self-storage facilities and vehicle-storage locations, and provides services such as propane sales and related equipment rentals. The company serves customers through a network of company-operated and independent dealer locations across the United States and Canada.

Founded in 1945 by Leonard Shoen and his wife, Anna Mary Carty Shoen, U-Haul has grown into a diversified holding company with operations that also include real estate and insurance businesses.