Wilen Investment Management Corp. Lowers stake in AMERCO (UHAL)

AMERCO (UHAL) : Wilen Investment Management Corp. reduced its stake in AMERCO by 0.76% during the most recent quarter end. The investment management company now holds a total of 45,883 shares of AMERCO which is valued at $15,829,635 after selling 350 shares in AMERCO , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.AMERCO makes up approximately 10.46% of Wilen Investment Management Corp.’s portfolio.

AMERCO opened for trading at $343.01 and hit $346.6 on the upside on Friday, eventually ending the session at $345, with a gain of 0.87% or 2.99 points. The heightened volatility saw the trading volume jump to 28,647 shares. Company has a market cap of $6,765 M.

Other Hedge Funds, Including , Denali Advisors reduced its stake in UHAL by selling 6,700 shares or 60.36% in the most recent quarter. The Hedge Fund company now holds 4,400 shares of UHAL which is valued at $1,518,000. AMERCO makes up approx 0.34% of Denali Advisors’s portfolio.Creative Planning boosted its stake in UHAL in the latest quarter, The investment management firm added 159 additional shares and now holds a total of 2,829 shares of AMERCO which is valued at $962,992. AMERCO makes up approx 0.01% of Creative Planning’s portfolio. British Columbia Investment Management Corp sold out all of its stake in UHAL during the most recent quarter. The investment firm sold 2,998 shares of UHAL which is valued $1,020,519. Capital Insight Partners added UHAL to its portfolio by purchasing 2,492 company shares during the most recent quarter which is valued at $848,277. AMERCO makes up approx 0.87% of Capital Insight Partners’s portfolio.

On the company’s financial health, AMERCO reported $4.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $4.24. The company had revenue of $744.80 million for the quarter, compared to analysts expectations of $716.00 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.40 EPS.

AMERCO is a do-it-yourself moving and storage operator through its subsidiary U-Haul International Inc. (U-Haul). The Company supplies products and services to help people move and store their household and commercial goods. It operates through three segments: Moving and Storage Property and Casualty Insurance and Life Insurance. The Moving and Storage segment consists of AMERCO U-Haul and Real Estate and the subsidiaries of U-Haul and Real Estate. It consists of the rental of trucks trailers portable moving and storage unit specialty rental items and self-storage spaces primarily to the household mover and sales of moving supplies towing accessories and propane. The Property and Casualty Insurance segment consists of Repwest and its subsidiaries and ARCOA. It provides loss adjusting and claims handling for U-Haul through regional offices across North America. The Life Insurance segment consists of Oxford and its subsidiaries and provides life and health insurance products.

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