57,600 Shares in Hyliion Holdings Corp. (NYSE:HYLN) Purchased by Two Sigma Investments LP

Two Sigma Investments LP purchased a new position in Hyliion Holdings Corp. (NYSE:HYLN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 57,600 shares of the company’s stock, valued at approximately $150,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Xponance Inc. purchased a new position in shares of Hyliion during the 4th quarter worth about $29,000. Cibc World Markets Corp acquired a new position in Hyliion during the fourth quarter worth approximately $34,000. Aquatic Capital Management LLC purchased a new position in Hyliion during the fourth quarter worth approximately $42,000. Raymond James Financial Inc. purchased a new position in Hyliion during the fourth quarter worth approximately $43,000. Finally, AXQ Capital LP acquired a new position in shares of Hyliion in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Hyliion Price Performance

Shares of NYSE:HYLN opened at $1.51 on Friday. The business has a 50-day moving average of $1.47 and a two-hundred day moving average of $1.98. The firm has a market capitalization of $263.98 million, a PE ratio of -4.08 and a beta of 2.74. Hyliion Holdings Corp. has a 12 month low of $1.11 and a 12 month high of $4.10.

Insider Transactions at Hyliion

In other Hyliion news, CFO Jon Panzer bought 40,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $1.14 per share, with a total value of $45,600.00. Following the purchase, the chief financial officer now owns 925,669 shares in the company, valued at approximately $1,055,262.66. The trade was a 4.52% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders bought 65,000 shares of company stock worth $73,850. 20.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Hyliion from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

Hyliion Profile