BlueCrest Capital Management Ltd bought a new stake in Amerco (NASDAQ:UHAL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 780 shares of the transportation company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in Amerco by 3.4% during the 2nd quarter. Amalgamated Bank now owns 919 shares of the transportation company’s stock valued at $336,000 after buying an additional 30 shares in the last quarter. Tredje AP fonden increased its position in Amerco by 2.4% during the 2nd quarter. Tredje AP fonden now owns 2,057 shares of the transportation company’s stock valued at $753,000 after buying an additional 48 shares in the last quarter. US Bancorp DE increased its position in Amerco by 4.4% during the 2nd quarter. US Bancorp DE now owns 1,176 shares of the transportation company’s stock valued at $431,000 after buying an additional 50 shares in the last quarter. Investment House LLC increased its position in Amerco by 6.3% during the 2nd quarter. Investment House LLC now owns 845 shares of the transportation company’s stock valued at $309,000 after buying an additional 50 shares in the last quarter. Finally, Janney Capital Management LLC increased its position in Amerco by 8.7% during the 2nd quarter. Janney Capital Management LLC now owns 640 shares of the transportation company’s stock valued at $234,000 after buying an additional 51 shares in the last quarter. Institutional investors own 30.03% of the company’s stock.

Shares of Amerco (UHAL) opened at 369.42 on Thursday. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 19.17 and a beta of 1.08. The company has a 50 day moving average price of $374.02 and a 200 day moving average price of $367.96. Amerco has a one year low of $307.80 and a one year high of $398.94.

Amerco (NASDAQ:UHAL) last released its earnings results on Wednesday, August 9th. The transportation company reported $6.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.46 by ($0.02). The firm had revenue of $957.93 million during the quarter, compared to analyst estimates of $943.57 million. Amerco had a net margin of 10.92% and a return on equity of 12.85%. Amerco’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $7.51 earnings per share. Equities analysts predict that Amerco will post $20.36 EPS for the current year.

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A number of research firms recently weighed in on UHAL. ValuEngine raised Amerco from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. BidaskClub raised Amerco from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.

About Amerco

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.

Institutional Ownership by Quarter for Amerco (NASDAQ:UHAL)

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