Versor Investments LP Invests $218,000 in Hyliion Holdings Corp. (NYSE:HYLN)

Versor Investments LP purchased a new position in Hyliion Holdings Corp. (NYSE:HYLNGet Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 49,200 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BKA Wealth Consulting Inc. purchased a new position in shares of Hyliion in the 1st quarter worth $184,000. Avantax Advisory Services Inc. raised its holdings in Hyliion by 25.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 30,371 shares of the company’s stock worth $134,000 after purchasing an additional 6,195 shares during the period. Westwood Holdings Group Inc. bought a new position in Hyliion in the 4th quarter worth $69,000. Mairs & Power Inc. raised its holdings in Hyliion by 16.4% in the 4th quarter. Mairs & Power Inc. now owns 172,767 shares of the company’s stock worth $1,071,000 after purchasing an additional 24,400 shares during the period. Finally, ETF Managers Group LLC raised its holdings in Hyliion by 5.0% in the 4th quarter. ETF Managers Group LLC now owns 64,041 shares of the company’s stock worth $405,000 after purchasing an additional 3,048 shares during the period. 27.18% of the stock is currently owned by hedge funds and other institutional investors.

Hyliion Stock Up 0.5 %

NYSE:HYLN opened at $3.93 on Monday. The business’s 50-day simple moving average is $3.57 and its two-hundred day simple moving average is $3.81. The stock has a market cap of $682.12 million, a PE ratio of -6.44 and a beta of 1.14. Hyliion Holdings Corp. has a 52 week low of $2.69 and a 52 week high of $10.30.

Hyliion (NYSE:HYLNGet Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $0.34 million during the quarter. During the same period in the previous year, the business earned ($0.10) EPS. Sell-side analysts anticipate that Hyliion Holdings Corp. will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut Hyliion from a “neutral” rating to an “underweight” rating in a report on Tuesday, June 21st.

Hyliion Profile

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Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.

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Institutional Ownership by Quarter for Hyliion (NYSE:HYLN)

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