Legato Capital Management LLC Decreases Stake in The Shyft Group, Inc. (NASDAQ:SHYF)

Legato Capital Management LLC lessened its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,840 shares of the company’s stock after selling 14,795 shares during the quarter. Legato Capital Management LLC owned approximately 0.14% of The Shyft Group worth $562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC boosted its position in The Shyft Group by 301.4% during the 3rd quarter. FMR LLC now owns 7,726 shares of the company’s stock valued at $97,000 after buying an additional 5,801 shares during the period. SG Americas Securities LLC boosted its holdings in shares of The Shyft Group by 24.3% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $215,000 after purchasing an additional 3,575 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of The Shyft Group by 1,062.8% in the third quarter. Public Employees Retirement System of Ohio now owns 18,477 shares of the company’s stock worth $232,000 after purchasing an additional 16,888 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of The Shyft Group in the third quarter worth about $241,000. Finally, Barclays PLC increased its holdings in The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after purchasing an additional 32,906 shares during the period. Institutional investors own 85.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHYF shares. Roth Mkm reiterated a “buy” rating and issued a $16.00 price objective on shares of The Shyft Group in a research report on Tuesday, December 17th. DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, January 15th.

The Shyft Group Stock Performance

Shares of SHYF opened at $12.21 on Friday. The company has a 50-day simple moving average of $11.94 and a two-hundred day simple moving average of $12.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The firm has a market capitalization of $421.12 million, a PE ratio of -101.75 and a beta of 1.66. The Shyft Group, Inc. has a one year low of $9.81 and a one year high of $17.56.

About The Shyft Group

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.