Richard Joseph Freeland Buys 65,000 Shares of Hyliion (NYSE:HYLN) Stock

Hyliion Holdings Corp. (NYSE:HYLN) Director Richard Joseph Freeland acquired 65,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $1.57 per share, with a total value of $102,050.00. Following the completion of the purchase, the director directly owned 222,798 shares in the company, valued at $349,792.86. This represents a 41.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hyliion Stock Performance

Hyliion stock opened at $1.76 on Friday. The stock has a fifty day moving average of $1.52 and a two-hundred day moving average of $1.56. The company has a market capitalization of $307.68 million, a price-to-earnings ratio of -4.76 and a beta of 2.73. Hyliion Holdings Corp. has a fifty-two week low of $1.11 and a fifty-two week high of $4.0950.

Institutional Investors Weigh In On Hyliion

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of Hyliion by 27.4% during the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock worth $8,814,000 after purchasing an additional 1,355,951 shares during the last quarter. Invesco Ltd. boosted its holdings in Hyliion by 22.8% in the second quarter. Invesco Ltd. now owns 3,288,531 shares of the company’s stock valued at $4,341,000 after acquiring an additional 610,030 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Hyliion by 49.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company’s stock valued at $3,368,000 after acquiring an additional 424,866 shares during the last quarter. Northern Trust Corp boosted its holdings in Hyliion by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,143,762 shares of the company’s stock valued at $2,985,000 after acquiring an additional 34,531 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its holdings in Hyliion by 12.6% in the first quarter. HITE Hedge Asset Management LLC now owns 999,411 shares of the company’s stock valued at $1,399,000 after acquiring an additional 112,107 shares during the last quarter. Institutional investors and hedge funds own 22.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen raised Hyliion from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research raised Hyliion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hyliion has an average rating of “Hold”.

About Hyliion