Harbor Spring Capital buys $37,233,860 stake in AMERCO (UHAL)

AMERCO (UHAL) : Harbor Spring Capital scooped up 12,000 additional shares in AMERCO during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 107,000 shares of AMERCO which is valued at $37,233,860.AMERCO makes up approximately 8.58% of Harbor Spring Capital’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp reduced its stake in UHAL by selling 897 shares or 5.68% in the most recent quarter. The Hedge Fund company now holds 14,890 shares of UHAL which is valued at $5,181,422. AMERCO makes up approx 0.01% of Mitsubishi Ufj Trust Banking Corp’s portfolio. Trexquant Investment Lp added UHAL to its portfolio by purchasing 1,111 company shares during the most recent quarter which is valued at $386,606. AMERCO makes up approx 0.05% of Trexquant Investment Lp’s portfolio.New York State Common Retirement Fund reduced its stake in UHAL by selling 900 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 26,200 shares of UHAL which is valued at $9,117,076. AMERCO makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Airain Ltd sold out all of its stake in UHAL during the most recent quarter. The investment firm sold 1,574 shares of UHAL which is valued $560,045. Cornerstone Advisors added UHAL to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $1,956.

AMERCO closed down -0.09 points or -0.03% at $336.97 with 66,608 shares getting traded on Monday. Post opening the session at $338.04, the shares hit an intraday low of $334.0165 and an intraday high of $340 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, AMERCO reported $7.51 EPS for the quarter, missing the analyst consensus estimate by $ -1.21 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $8.72. The company had revenue of $923.40 million for the quarter, compared to analysts expectations of $941.32 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.74 EPS.

Many Wall Street Analysts have commented on AMERCO. AMERCO was Downgraded by CL King to ” Buy” on Aug 5, 2016.

AMERCO is a do-it-yourself moving and storage operator through its subsidiary U-Haul International Inc. (U-Haul). The Company supplies products and services to help people move and store their household and commercial goods. It operates through three segments: Moving and Storage Property and Casualty Insurance and Life Insurance. The Moving and Storage segment consists of AMERCO U-Haul and Real Estate and the subsidiaries of U-Haul and Real Estate. It consists of the rental of trucks trailers portable moving and storage unit specialty rental items and self-storage spaces primarily to the household mover and sales of moving supplies towing accessories and propane. The Property and Casualty Insurance segment consists of Repwest and its subsidiaries and ARCOA. It provides loss adjusting and claims handling for U-Haul through regional offices across North America. The Life Insurance segment consists of Oxford and its subsidiaries and provides life and health insurance products.

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