Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) CFO Jon Panzer acquired 75,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $0.63 per share, for a total transaction of $47,250.00. Following the acquisition, the chief financial officer now owns 316,494 shares in the company, valued at approximately $199,391.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hyliion Price Performance
Hyliion stock traded up $0.02 during trading hours on Thursday, hitting $0.64. The company had a trading volume of 173,925 shares, compared to its average volume of 1,630,169. The firm has a market capitalization of $115.53 million, a P/E ratio of -0.91 and a beta of 1.56. The firm’s fifty day moving average is $0.91 and its 200-day moving average is $1.39. Hyliion Holdings Corp. has a fifty-two week low of $0.52 and a fifty-two week high of $3.88.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Hyliion from $1.75 to $1.25 and set a “sell” rating on the stock in a report on Monday, August 14th. Northland Securities lowered shares of Hyliion from an “outperform” rating to a “market perform” rating and cut their price target for the company from $2.80 to $1.50 in a report on Thursday, October 12th. Finally, Cantor Fitzgerald lowered shares of Hyliion from a “neutral” rating to an “underweight” rating and cut their price target for the company from $2.00 to $1.00 in a report on Thursday, October 12th.
Institutional Trading of Hyliion
Several large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its position in Hyliion by 24.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 17,079 shares of the company’s stock worth $38,000 after acquiring an additional 3,350 shares in the last quarter. Mariner LLC grew its position in Hyliion by 3.1% in the first quarter. Mariner LLC now owns 111,537 shares of the company’s stock worth $494,000 after acquiring an additional 3,368 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Hyliion by 3.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 116,937 shares of the company’s stock worth $274,000 after acquiring an additional 3,531 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Hyliion by 7.0% during the 4th quarter. Legal & General Group Plc now owns 56,148 shares of the company’s stock worth $131,000 after buying an additional 3,678 shares during the period. Finally, American International Group Inc. boosted its holdings in shares of Hyliion by 6.7% during the 2nd quarter. American International Group Inc. now owns 62,113 shares of the company’s stock worth $200,000 after buying an additional 3,904 shares during the period. 26.85% of the stock is owned by institutional investors.
Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It offers 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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