U-Haul (NASDAQ:UHAL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $70.30 and traded as high as $71.84. U-Haul shares last traded at $71.56, with a volume of 66,125 shares trading hands.

U-Haul Stock Performance

The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 28.84 and a beta of 1.09. The company has a 50-day moving average price of $70.62 and a 200-day moving average price of $70.42.

U-Haul (NASDAQ:UHAL) last released its earnings results on Wednesday, November 6th. The transportation company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.46). U-Haul had a return on equity of 6.46% and a net margin of 8.39%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $1.36 earnings per share. As a group, equities research analysts forecast that U-Haul Holding will post 2.31 earnings per share for the current year.

Institutional Investors Weigh In On U-Haul

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in shares of U-Haul during the 3rd quarter valued at $17,358,000. Old West Investment Management LLC raised its position in shares of U-Haul by 11.7% during the third quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock worth $9,758,000 after purchasing an additional 13,143 shares during the period. Applied Fundamental Research LLC lifted its holdings in shares of U-Haul by 12.9% during the second quarter. Applied Fundamental Research LLC now owns 61,300 shares of the transportation company’s stock valued at $3,784,000 after purchasing an additional 7,021 shares during the last quarter. Childress Capital Advisors LLC acquired a new position in shares of U-Haul in the third quarter worth about $387,000. Finally, Granite Bay Wealth Management LLC purchased a new position in shares of U-Haul in the second quarter worth approximately $308,000. 3.63% of the stock is currently owned by institutional investors.

About U-Haul

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.