Hyliion Holdings Corp. (NYSE:HYLN) Director Jeffrey A. Craig Acquires 50,000 Shares

Hyliion Holdings Corp. (NYSE:HYLN) Director Jeffrey A. Craig acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $2.95 per share, with a total value of $147,500.00. Following the transaction, the director now owns 282,060 shares of the company’s stock, valued at approximately $832,077. This trade represents a 21.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Hyliion Stock Down 6.3 %

NYSE HYLN traded down $0.19 during trading on Wednesday, hitting $2.92. The stock had a trading volume of 1,690,909 shares, compared to its average volume of 958,520. The firm has a 50 day moving average price of $2.44 and a 200 day moving average price of $2.00. Hyliion Holdings Corp. has a twelve month low of $0.55 and a twelve month high of $3.13. The company has a market capitalization of $505.99 million, a PE ratio of -7.92 and a beta of 1.91.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Northland Capmk upgraded Hyliion to a “hold” rating in a research report on Tuesday, October 1st. Northland Securities upped their price objective on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th.

Hedge Funds Weigh In On Hyliion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYLN. Vanguard Group Inc. boosted its holdings in Hyliion by 11.7% in the first quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after purchasing an additional 762,909 shares during the period. Millennium Management LLC boosted its holdings in shares of Hyliion by 64.8% in the 2nd quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock valued at $7,672,000 after buying an additional 1,861,497 shares in the last quarter. State Street Corp raised its stake in Hyliion by 0.6% during the 3rd quarter. State Street Corp now owns 2,985,109 shares of the company’s stock worth $7,403,000 after acquiring an additional 16,707 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Hyliion by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,057,394 shares of the company’s stock valued at $2,622,000 after acquiring an additional 20,541 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its stake in Hyliion by 130.6% in the third quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock valued at $2,315,000 after acquiring an additional 528,750 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile