SG Americas Securities LLC Purchases 3,575 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

SG Americas Securities LLC raised its holdings in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 24.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,274 shares of the company’s stock after purchasing an additional 3,575 shares during the quarter. SG Americas Securities LLC owned 0.05% of The Shyft Group worth $215,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SHYF. Essex Investment Management Co. LLC bought a new stake in shares of The Shyft Group during the third quarter worth about $2,292,000. Los Angeles Capital Management LLC acquired a new position in The Shyft Group during the 3rd quarter valued at about $241,000. Royce & Associates LP increased its holdings in The Shyft Group by 2.7% during 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 raised its stake in shares of The Shyft Group by 1.0% in the third quarter. Foundry Partners LLC now owns 322,755 shares of the company’s stock worth $4,051,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in shares of The Shyft Group by 0.6% in the third 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. Institutional investors and hedge funds own 85.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

The Shyft Group Stock Performance

SHYF stock opened at $11.84 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $408.41 million, a PE ratio of -98.67 and a beta of 1.66. The business has a 50 day moving average of $12.09 and a 200-day moving average of $12.85. The Shyft Group, Inc. has a 12-month low of $9.81 and a 12-month 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.