Cheri Lantz Buys 20,000 Shares of Hyliion Holdings Corp. (NYSE:HYLN) Stock

Hyliion Holdings Corp. (NYSE:HYLN) insider Cheri Lantz purchased 20,000 shares of Hyliion stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $0.66 per share, with a total value of $13,200.00. Following the transaction, the insider now directly owns 281,373 shares of the company’s stock, valued at $185,706.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hyliion Trading Down 8.4 %

Shares of HYLN stock opened at $0.59 on Friday. Hyliion Holdings Corp. has a 12-month low of $0.52 and a 12-month high of $3.88. The firm’s 50 day moving average is $0.88 and its 200 day moving average is $1.38. The stock has a market capitalization of $107.26 million, a P/E ratio of -0.86 and a beta of 1.56.

Wall Street Analysts Forecast Growth

HYLN has been the subject of several analyst reports. Northland Securities downgraded shares of Hyliion from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $2.80 to $1.50 in a research report on Thursday, October 12th. The Goldman Sachs Group reduced their price target on shares of Hyliion from $1.75 to $1.25 and set a “sell” rating for the company in a research report on Monday, August 14th. Finally, Cantor Fitzgerald cut shares of Hyliion from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $2.00 to $1.00 in a report on Thursday, October 12th.

Institutional Investors Weigh In On Hyliion

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYLN. GSA Capital Partners LLP boosted its stake in shares of Hyliion by 17.2% during the 3rd quarter. GSA Capital Partners LLP now owns 712,672 shares of the company’s stock worth $841,000 after acquiring an additional 104,648 shares during the last quarter. Institutional & Family Asset Management LLC boosted its stake in shares of Hyliion by 2,565.7% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 54,620 shares of the company’s stock worth $64,000 after acquiring an additional 52,571 shares during the last quarter. FMR LLC boosted its stake in shares of Hyliion by 353.6% during the 3rd quarter. FMR LLC now owns 24,194 shares of the company’s stock worth $29,000 after acquiring an additional 18,860 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Hyliion by 28.8% during the 3rd quarter. Deutsche Bank AG now owns 88,882 shares of the company’s stock worth $105,000 after acquiring an additional 19,869 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hyliion by 19.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,043,336 shares of the company’s stock worth $1,231,000 after acquiring an additional 172,510 shares during the last quarter. Hedge funds and other institutional investors own 26.85% of the company’s stock.

Hyliion Company Profile

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.