U-Haul (NASDAQ:UHAL) Share Price Passes Above 200-Day Moving Average - Should You Sell?

U-Haul Holding (NASDAQ:UHAL - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 firm's 50-day moving average price is $70.62 and its 200-day moving average price is $70.37. 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 cap of $14.03 billion, a P/E ratio of 30.84 and a beta of 1.09.

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

Hedge Funds Weigh In On U-Haul

Several institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new stake in shares of U-Haul during the 3rd quarter worth approximately $17,358,000. Old West Investment Management LLC increased its position in U-Haul by 11.7% in the third quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company's stock worth $9,758,000 after purchasing an additional 13,143 shares during the last quarter. Applied Fundamental Research LLC raised its stake 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 in the last quarter. Verition Fund Management LLC lifted its position in U-Haul by 93.6% during 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 during the last quarter. Finally, Intellectus Partners LLC grew its stake in shares of U-Haul by 5.4% in the 3rd quarter. Intellectus Partners LLC now owns 5,340 shares of the transportation company's stock worth $414,000 after buying an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company's stock.

U-Haul Company Profile

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.