NEW YORK, NY / ACCESSWIRE / July 12, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of U-Haul Holding Company ("U-Haul" or the "Company") (NYSE:UHAL). Investors who purchased U-Haul securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/uhal.
The investigation concerns whether U-Haul has violated federal securities laws.
Investigation Details:
On May 30, 2023, U-Haul issued a press release announcing its financial results for the Company's fourth quarter and full fiscal year ended March 31, 2023. Among other items, U-Haul reported fourth-quarter GAAP earnings per share of $0.16, missing consensus estimates by $0.38, and revenue down 0.8% from the prior year. In addition, the Company's fourth-quarter net earnings more than halved from $86.7 million in the prior year to $37.7 million. Commenting on the results, U-Haul's Chairman of the Board of Directors Edward J. Shoen noted that "[o]verall moving activity has returned to more historic trends" and that "[s]elf-storage is not as hot as 24 months ago". On this news, U-Haul's stock price fell $10.23 per share, or 16.24%, to close at $52.77 on May 31, 2023.
What's Next?
If you are aware of any facts relating to this investigation or purchasedU-Haul shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/uhal. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC