U-Haul (NASDAQ:UHAL) Stock Passes Above 200-Day Moving Average - Here's Why

U-Haul Holding (NASDAQ:UHAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 company has a market cap of $14.03 billion, a P/E ratio of 30.84 and a beta of 1.09. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $70.62 and a two-hundred day simple moving average of $70.37.

U-Haul (NASDAQ:UHAL - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.46). The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.69 billion. U-Haul had a net margin of 8.39% and a return on equity of 6.46%. During the same period in the previous year, the company earned $1.36 EPS. On average, sell-side analysts anticipate that U-Haul Holding will post 2.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC purchased a new position in shares of U-Haul during the 3rd quarter valued at about $17,358,000. Old West Investment Management LLC raised its stake in U-Haul by 11.7% during the 3rd quarter. Old West Investment Management LLC now owns 125,947 shares of the transportation company's stock worth $9,758,000 after acquiring an additional 13,143 shares during the period. Applied Fundamental Research LLC lifted its holdings 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 boosted its position in shares of U-Haul by 93.6% in the third quarter. Verition Fund Management LLC now owns 8,371 shares of the transportation company's stock worth $649,000 after purchasing an additional 4,047 shares during the period. Finally, Intellectus Partners LLC increased its stake in shares of U-Haul by 5.4% in the third quarter. Intellectus Partners LLC now owns 5,340 shares of the transportation company's stock worth $414,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company's stock.

About U-Haul

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.