Greenlight Capital Inc. trimmed its stake in shares of AMERCO (NASDAQ:UHAL) by 77.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the transportation company’s stock after selling 170,000 shares during the period. AMERCO comprises about 0.3% of Greenlight Capital Inc.’s holdings, making the stock its 28th biggest holding. Greenlight Capital Inc. owned 0.25% of AMERCO worth $18,745,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in AMERCO by 288.4% in the 3rd quarter. GSA Capital Partners LLP now owns 4,770 shares of the transportation company’s stock valued at $1,788,000 after acquiring an additional 3,542 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of AMERCO during the third quarter worth $222,000. California Public Employees Retirement System grew its holdings in shares of AMERCO by 8.0% during the third quarter. California Public Employees Retirement System now owns 27,335 shares of the transportation company’s stock worth $10,248,000 after buying an additional 2,035 shares in the last quarter. Janney Capital Management LLC grew its holdings in shares of AMERCO by 45.9% during the third quarter. Janney Capital Management LLC now owns 934 shares of the transportation company’s stock worth $350,000 after buying an additional 294 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of AMERCO during the third quarter worth $210,000. 30.70% of the stock is owned by institutional investors and hedge funds.
Shares of AMERCO (UHAL) traded down $1.27 on Friday, hitting $377.91. 32,092 shares of the company were exchanged, compared to its average volume of 56,588. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.60 and a quick ratio of 2.37. AMERCO has a 12-month low of $338.30 and a 12-month high of $400.99. The stock has a market capitalization of $7,434.88, a price-to-earnings ratio of 22.74 and a beta of 1.11.
The business also recently declared a special dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, December 21st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, December 20th.
In other news, Director John P. Brogan sold 200 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $381.16, for a total transaction of $76,232.00. Following the transaction, the director now directly owns 5,800 shares in the company, valued at $2,210,728. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.60% of the company’s stock.
A number of equities research analysts recently issued reports on UHAL shares. BidaskClub lowered shares of AMERCO from a “sell” rating to a “strong sell” rating in a report on Saturday. ValuEngine lowered shares of AMERCO from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.
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AMERCO is a do-it-yourself moving and storage operator through its subsidiary, U-Haul International, Inc (U-Haul). The Company supplies its products and services to help people move and store their household and commercial goods through U-Haul. It sells U-Haul brand boxes, tape, and other moving and self-storage products and services to do-it-yourself moving and storage customers at its distribution outlets and through uhaul.com and eMove Websites.
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