Gruss Capital Management Lp Increased Amerco (NASDAQ:UHAL) Stake by $16.21 Million

February 23, 2018 - By Migdalia James

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.08, from 1.14 in 2017Q2. It improved, as 22 investors sold UHAL shares while 60 reduced holdings. 34 funds opened positions while 66 raised stakes. 5.67 million shares or 8.74% more from 5.22 million shares in 2017Q2 were reported. California Pub Employees Retirement System owns 27,335 shares or 0.02% of their US portfolio. Bankshares Of Mellon holds 0% or 21,186 shares in its portfolio. Raymond James And reported 632 shares. Dimensional Fund Advisors Lp holds 0.08% in AMERCO (NASDAQ:UHAL) or 471,294 shares. Moreover, First Quadrant L P Ca has 0.15% invested in AMERCO (NASDAQ:UHAL) for 20,500 shares. Swiss Bancorporation invested 0.01% in AMERCO (NASDAQ:UHAL). 1,280 were reported by Menta Cap Ltd Llc. Jupiter Asset Mngmt owns 11,365 shares. Fuller & Thaler Asset Mngmt Inc accumulated 36 shares or 0% of the stock. Capstone Investment Lc owns 1,523 shares. Parametric Portfolio Associate Ltd Liability Corp has invested 0% in AMERCO (NASDAQ:UHAL). 5,880 were accumulated by State Board Of Administration Of Florida Retirement Systems. Pnc Serv Grp Incorporated invested in 9,900 shares or 0% of the stock. Mu Investments Commerce stated it has 80 shares. Tahithromos Ltd Liability Company has 6.4% invested in AMERCO (NASDAQ:UHAL) for 14,125 shares.

Since December 18, 2017, it had 0 insider buys, and 1 insider sale for $76,232 activity.

Howard Guberman increased its stake in Amerco (NASDAQ:UHAL) by 71.67% based on its latest 2017Q4 regulatory filing with the SEC. Gruss Capital Management Lp bought 43,000 shares as the company’s stock declined 0.39% while stock markets rallied. The hedge fund run by Howard Guberman held 103,000 shares of the rental and leasing company at the end of 2017Q4, valued at $38.93M, up from 60,000 at the end of the previous reported quarter. Gruss Capital Management Lp who had been investing in Amerco for a number of months, seems to be bullish on the $6.85B market cap company. The stock decreased 0.56% or $1.96 during the last trading session, reaching $349.18. About 48,414 shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since February 23, 2017 and is uptrending. It has underperformed by 11.77% the S&P500.

Gruss Capital Management Lp, which manages about $3.35 billion and $1.25 billion US Long portfolio, decreased its stake in Ilg Inc () by 855,000 shares to 445,000 shares, valued at $12.67 million in 2017Q4, according to the filing.

Previously known as Gruss Asset Management, Gruss Capital Management – “Gruss Cap” is a global firm that serves alternative asset management. It focuses mainly on investments that are event-driven, risk-averse, and value-oriented. Gruss is headed by Sean Dany – the Global CIO and 20 year veteran of Gruss Cap. Another person is tasked to oversee things over at the global firm and it’s COO Howard Guberman, who is an Accounting and Economics degree holder from SUNY Binghamton of year 1977. He is also a recipient of J.D. in 1983 from Fordham Law School. Gruss Capital Management Lp is a New York-based hedge fund that was founded by Howard Guberman. It had more than $3.35 billion assets under management in January, 2015. Taken from Gruss Capital Management latest Adv, the fund reported to have 40 full and part-time employees. Among which 14 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

AMERCO operates as a ‘do-it-yourself’ moving and storage operator for household and commercial goods in the United States and Canada. The company has market cap of $6.85 billion. The company’s Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It has a 8.67 P/E ratio. This segment also provides uhaul.com, an online marketplace that connects clients to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies.

More notable recent AMERCO (NASDAQ:UHAL) news were published by: Gurufocus.com which released: “Third Avenue Management Hitches Up With U-Haul Parent Amerco in 4th Quarter” on February 14, 2018, also Seekingalpha.com with their article: “Amerco’s (UHAL) CEO Joe Shoen on Q3 2018 Results – Earnings Call Transcript” published on February 08, 2018, Bizjournals.com published: “Boeing sells Duwamish Towers in Tukwila to surprise buyer for less than half …” on February 09, 2018. More interesting news about AMERCO (NASDAQ:UHAL) were released by: Prnewswire.com and their article: “AMERCO Schedules Third Quarter Fiscal Year 2018 Financial Results Release and …” published on January 24, 2018 as well as Prnewswire.com‘s news article titled: “AMERCO Reports Third Quarter Fiscal 2018 Financial Results” with publication date: February 07, 2018.

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