The Shyft Group, Inc. (NASDAQ:SHYF) Stake Boosted by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN lifted its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,901 shares of the company's stock after acquiring an additional 73,773 shares during the period. Kirr Marbach & Co. LLC IN owned 0.87% of The Shyft Group worth $3,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Essex Investment Management Co. LLC acquired a new position in shares of The Shyft Group during the third quarter worth about $2,292,000. Jacobs Levy Equity Management Inc. grew its position in The Shyft Group by 16.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 564,242 shares of the company's stock valued at $7,081,000 after acquiring an additional 78,550 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Shyft Group by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company's stock valued at $2,216,000 after purchasing an additional 58,816 shares during the period. Marshall Wace LLP acquired a new position in shares of The Shyft Group during the second quarter worth $523,000. Finally, Barclays PLC boosted its stake in shares of The Shyft Group by 257.9% in the third 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. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHYF has been the subject of a number of analyst reports. Roth Mkm reissued 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 The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Wednesday, January 15th.

The Shyft Group Stock Performance

NASDAQ:SHYF traded down $0.01 during trading hours on Friday, reaching $12.01. 196,488 shares of the stock were exchanged, compared to its average volume of 192,718. The stock has a market capitalization of $414.22 million, a P/E ratio of -100.08 and a beta of 1.66. The firm has a 50 day simple moving average of $12.29 and a 200-day simple moving average of $12.85. 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 Shyft Group, Inc. has a 52 week low of $9.81 and a 52 week high of $17.56.

The Shyft Group Company 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.