AMERCO (UHAL) : Cat Rock Capital Management Lp added new position in AMERCO during the most recent quarter end. The investment management firm now holds 43,300 shares of AMERCO which is valued at $15,067,534 , the company said in a statement filed on Aug 15, 2016 with the SEC.AMERCO makes up approximately 5.22% of Cat Rock Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Driehaus Capital Management reduced its stake in UHAL by selling 3,792 shares or 15.56% in the most recent quarter. The Hedge Fund company now holds 20,573 shares of UHAL which is valued at $7,158,993. AMERCO makes up approx 0.25% of Driehaus Capital Management’s portfolio.Credit Suisse Ag reduced its stake in UHAL by selling 1,663 shares or 10.33% in the most recent quarter. The Hedge Fund company now holds 14,442 shares of UHAL which is valued at $5,025,527. AMERCO makes up approx 0.01% of Credit Suisse Ag’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in UHAL by selling 4,742 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 165,207 shares of UHAL which is valued at $57,488,732. AMERCO makes up approx 0.01% of Blackrock Institutional Trust Company N.a.’s portfolio.Ls Investment Advisors boosted its stake in UHAL in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 526 shares of AMERCO which is valued at $205,140. AMERCO makes up approx 0.01% of Ls Investment Advisors’s portfolio.
AMERCO opened for trading at $345.16 and hit $346.84 on the upside on Thursday, eventually ending the session at $344.72, with a gain of 0.29% or 1.01 points. The heightened volatility saw the trading volume jump to 54,826 shares. Company has a market cap of $6,759 M.
On the company’s financial health, AMERCO reported $7.51 EPS for the quarter, missing the analyst consensus estimate by $ -1.21 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $8.72. The company had revenue of $923.40 million for the quarter, compared to analysts expectations of $941.32 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.74 EPS.
Many Wall Street Analysts have commented on AMERCO. AMERCO was Downgraded by CL King to ” Buy” on Aug 5, 2016.
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.