Yg Partners Exits Position in AMERCO (UHAL)

AMERCO (UHAL) : Yg Partners has sold out all of its stake in AMERCO during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 5,300 shares of AMERCO which is valued at $1,844,294.

Other Hedge Funds, Including , Teachers Retirement System Of The State Of Kentucky boosted its stake in UHAL in the latest quarter, The investment management firm added 1,404 additional shares and now holds a total of 6,854 shares of AMERCO which is valued at $2,385,055. AMERCO makes up approx 0.03% of Teachers Retirement System Of The State Of Kentucky’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in UHAL by selling 5,864 shares or 92.22% in the most recent quarter. The Hedge Fund company now holds 495 shares of UHAL which is valued at $195,782.Skylands Capital reduced its stake in UHAL by selling 6,560 shares or 15.63% in the most recent quarter. The Hedge Fund company now holds 35,415 shares of UHAL which is valued at $13,855,056. AMERCO makes up approx 2.15% of Skylands Capital’s portfolio. New York State Teachers Retirement System sold out all of its stake in UHAL during the most recent quarter. The investment firm sold 600 shares of UHAL which is valued $234,000.

AMERCO opened for trading at $345.16 and hit $346.84 on the upside on Thursday, eventually ending the session at $344.72, with a gain of 0.29% or 1.01 points. The heightened volatility saw the trading volume jump to 54,826 shares. Company has a market cap of $6,759 M.

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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