After Forming Double Top Pattern, Is AMERCO (UHAL)’s Near-Term Analysis Positive?

July 18, 2017 - By Adrian Mccoy

Investors sentiment increased to 0.99 in Q4 2016. Its up 0.27, from 0.72 in 2016Q3. It increased, as 17 investors sold AMERCO shares while 73 reduced holdings. 35 funds opened positions while 54 raised stakes. 5.27 million shares or 1.07% less from 5.33 million shares in 2016Q3 were reported.
Sumitomo Mitsui Asset Management Limited has invested 0% of its portfolio in AMERCO (NASDAQ:UHAL). Boston Advsr Limited Liability Company invested 0.02% in AMERCO (NASDAQ:UHAL). Rmb Mgmt Limited accumulated 6,871 shares. Blackrock Advsrs Ltd Company holds 12,153 shares. Asset Mgmt One accumulated 11,956 shares. Mutual Of America Cap Mgmt Limited holds 707 shares or 0% of its portfolio. Jupiter Asset Mgmt owns 13,584 shares for 0.19% of their portfolio. Wellington Mngmt Gp Llp reported 323,678 shares stake. Apg Asset Nv has 0% invested in AMERCO (NASDAQ:UHAL). Greenlight Capital Inc reported 1.4% stake. Allianz Asset Ag invested in 0.01% or 43,451 shares. Los Angeles Management & Equity holds 850 shares. Amalgamated Savings Bank holds 1,001 shares or 0.02% of its portfolio. Credit Suisse Ag holds 0% or 8,868 shares in its portfolio. Bancorporation Of America De holds 0.01% or 74,415 shares.

Since February 16, 2017, it had 4 buys, and 0 sales for $2.16 million activity. $38,475 worth of AMERCO (NASDAQ:UHAL) shares were bought by GROGAN JAMES J. 2,000 shares were bought by Holmes David L, worth $705,735. SHOEN EDWARD J had bought 2,000 shares worth $705,735 on Tuesday, May 30. $705,735 worth of AMERCO (NASDAQ:UHAL) was bought by SHOEN MARK V.

The chart of AMERCO (UHAL) shows a double top with $385.29 target or 6.00 % above today’s $363.48 share price. The 9 months chart pattern indicates low risk for the $7.13 billion company. It was reported on Jul, 18 by Finviz.com. If the $385.29 price target is reached, the company will be worth $427.80 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.21% or $0.78 during the last trading session, reaching $363.48. About shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since July 18, 2016 and is uptrending. It has underperformed by 11.77% the S&P500.

Another recent and important AMERCO (NASDAQ:UHAL) news was published by Gurufocus.com which published an article titled: “Denali Advisors Llc Buys Assured Guaranty, JPMorgan Chase, Dover Corp, Sells …” on July 14, 2017.

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