AMERCO (UHAL) : James Investment Research Inc scooped up 9,485 additional shares in AMERCO during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 212,357 shares of AMERCO which is valued at $82,487,953.AMERCO makes up approximately 2.04% of James Investment Research Inc’s portfolio.
Other Hedge Funds, Including , Capital Insight Partners boosted its stake in UHAL in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 2,544 shares of AMERCO which is valued at $981,297. AMERCO makes up approx 0.92% of Capital Insight Partners’s portfolio.
AMERCO opened for trading at $386.5 and hit $389.28 on the upside on Monday, eventually ending the session at $388.44, with a gain of 0.45% or 1.75 points. The heightened volatility saw the trading volume jump to 19,417 shares. Company has a market cap of $7,616 M.
On the company’s financial health, AMERCO reported $2.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.32 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $3.00. The company had revenue of $683.19 million for the quarter, compared to analysts expectations of $659.00 million. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.43 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.