Legato Capital Management LLC Sells 14,795 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Legato Capital Management LLC lowered its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 23.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,840 shares of the company’s stock after selling 14,795 shares during the quarter. Legato Capital Management LLC’s holdings in The Shyft Group were worth $562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in shares of The Shyft Group in the third quarter worth $241,000. Royce & Associates LP boosted its stake in The Shyft Group by 2.7% in the 3rd quarter. Royce & Associates LP now owns 953,018 shares of the company’s stock worth $11,960,000 after purchasing an additional 24,770 shares in the last quarter. Foundry Partners LLC grew its position in The Shyft Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 322,755 shares of the company’s stock valued at $4,051,000 after purchasing an additional 3,115 shares during the last quarter. Centaurus Financial Inc. increased its stake in The Shyft Group by 0.6% during the 3rd quarter. Centaurus Financial Inc. now owns 433,056 shares of the company’s stock valued at $5,435,000 after purchasing an additional 2,433 shares in the last quarter. Finally, FMR LLC raised its holdings in The Shyft Group by 301.4% in the third quarter. FMR LLC now owns 7,726 shares of the company’s stock worth $97,000 after buying an additional 5,801 shares during the last quarter. Institutional investors own 85.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SHYF. 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. Roth Mkm reiterated a “buy” rating and set a $16.00 target price on shares of The Shyft Group in a research note on Tuesday, December 17th.

The Shyft Group Price Performance

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

The Shyft Group Profile

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.