James Investment Research Inc buys $71,410,944 stake in AMERCO (UHAL)

AMERCO (UHAL) : James Investment Research Inc scooped up 55,611 additional shares in AMERCO during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 202,872 shares of AMERCO which is valued at $71,410,944.AMERCO makes up approximately 1.76% of James Investment Research Inc’s portfolio.

AMERCO opened for trading at $353.1 and hit $363.65 on the upside on Monday, eventually ending the session at $361.7, with a gain of 2.76% or 9.7 points. The heightened volatility saw the trading volume jump to 54,605 shares. Company has a market cap of $7,092 M.

Other Hedge Funds, Including , Punch Associates Investment Management reduced its stake in UHAL by selling 624 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 24,809 shares of UHAL which is valued at $8,732,768. AMERCO makes up approx 1.05% of Punch Associates Investment Management’s portfolio.Skylands Capital reduced its stake in UHAL by selling 3,100 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 41,975 shares of UHAL which is valued at $14,481,375. AMERCO makes up approx 2.29% of Skylands Capital’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in UHAL in the latest quarter, The investment management firm added 305 additional shares and now holds a total of 2,479 shares of AMERCO which is valued at $855,255. AMERCO makes up approx 0.02% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.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.

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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