Tahithromos L.L.C. Has $8.89 Million Position in Amerco (UHAL)
Tahithromos L.L.C. increased its stake in Amerco (NASDAQ:UHAL) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,276 shares of the transportation company’s stock after purchasing an additional 3,600 shares during the quarter. Amerco makes up approximately 9.4% of Tahithromos L.L.C.’s investment portfolio, making the stock its 3rd biggest position. Tahithromos L.L.C. owned approximately 0.12% of Amerco worth $8,886,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its holdings in Amerco by 63.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 310 shares of the transportation company’s stock worth $114,000 after purchasing an additional 120 shares during the period. Watermark Asset Management Inc. bought a new position in Amerco in the 1st quarter worth $124,000. Citigroup Inc. bought a new position in Amerco in the 2nd quarter worth $145,000. UBS Group AG raised its holdings in Amerco by 98.4% in the 1st quarter. UBS Group AG now owns 508 shares of the transportation company’s stock worth $194,000 after purchasing an additional 252 shares during the period. Finally, Comerica Bank bought a new position in Amerco in the 1st quarter worth $201,000. 30.03% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on UHAL. ValuEngine raised Amerco from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub raised Amerco from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.
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Amerco (NASDAQ:UHAL) last posted its quarterly earnings results on Wednesday, August 9th. The transportation company reported $6.44 EPS for the quarter, missing the consensus estimate of $6.46 by ($0.02). Amerco had a net margin of 10.92% and a return on equity of 12.85%. The business had revenue of $957.93 million during the quarter, compared to analysts’ expectations of $943.57 million. During the same period in the previous year, the company posted $7.51 earnings per share. Amerco’s revenue for the quarter was up 3.8% compared to the same quarter last year.
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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