New York, New York–(Newsfile Corp. – June 13, 2023) – Pomerantz LLP is investigating claims on behalf of investors of U-Haul Holding Company (“U-Haul” or the “Company”) NASDAQ: UHAL. Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether U-Haul and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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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 per share on May 31, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/169863