U-Haul (NASDAQ:UHAL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

U-Haul Holding (NASDAQ:UHAL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

U-Haul Stock Performance

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

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

Hedge Funds Weigh In On U-Haul

Hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new position in shares of U-Haul during the 3rd quarter worth about $17,358,000. Old West Investment Management LLC boosted its stake in U-Haul by 11.7% during the 3rd quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company’s stock worth $9,758,000 after acquiring an additional 13,143 shares during the last quarter. Applied Fundamental Research LLC grew its holdings in 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 period. Verition Fund Management LLC increased its stake in U-Haul by 93.6% in the third quarter. Verition Fund Management LLC now owns 8,371 shares of the transportation company’s stock valued at $649,000 after purchasing an additional 4,047 shares in the last quarter. Finally, Intellectus Partners LLC raised its holdings in U-Haul by 5.4% in the third quarter. Intellectus Partners LLC now owns 5,340 shares of the transportation company’s stock worth $414,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 3.63% of the company’s stock.

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.