U-Haul (NASDAQ:UHAL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

U-Haul Holding (NASDAQ:UHAL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $69.85 and traded as high as $69.93. U-Haul shares last traded at $69.01, with a volume of 92,170 shares trading hands.

U-Haul Stock Up 0.7 %

The company has a current ratio of 2.33, a quick ratio of 2.16 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 29.96 and a beta of 1.09. The company has a 50-day moving average of $71.59 and a 200-day moving average of $69.89.

U-Haul (NASDAQ:UHAL) last posted its quarterly earnings data on Wednesday, November 6th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.46). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. U-Haul had a net margin of 8.39% and a return on equity of 6.46%. During the same quarter last year, the company earned $1.36 EPS. On average, equities analysts predict that U-Haul Holding will post 2.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On U-Haul

Several hedge funds have recently made changes to their positions in UHAL. Old West Investment Management LLC grew its stake in U-Haul by 9.5% during the 2nd quarter. Old West Investment Management LLC now owns 112,804 shares of the transportation company’s stock valued at $6,963,000 after purchasing an additional 9,751 shares during the last quarter. Applied Fundamental Research LLC lifted its stake in U-Haul by 12.9% during the 2nd quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock valued at $3,784,000 after acquiring an additional 7,021 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of U-Haul by 23.4% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 12,459 shares of the transportation company’s stock valued at $769,000 after acquiring an additional 2,362 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of U-Haul in the 2nd quarter valued at $308,000. Finally, Legacy Capital Group California Inc. acquired a new stake in shares of U-Haul in the third quarter worth $244,000. 3.63% of the stock is owned by institutional investors and hedge funds.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.