Hyliion Holdings Corp. $HYLN Stock Position Increased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. increased its position in Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) by 39.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,163,800 shares of the company’s stock after purchasing an additional 330,400 shares during the period. Hyliion accounts for about 0.9% of J. Derek Lewis & Associates Inc.’s holdings, making the stock its 24th biggest holding. J. Derek Lewis & Associates Inc. owned 0.65% of Hyliion worth $4,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Hyliion by 34.1% during the first quarter. Dimensional Fund Advisors LP now owns 799,672 shares of the company’s stock worth $1,406,000 after buying an additional 203,451 shares during the period. Hsbc Holdings PLC purchased a new stake in Hyliion in the first quarter valued at approximately $27,000. Angeles Wealth Management LLC purchased a new stake in Hyliion in the first quarter valued at approximately $44,000. Venture Visionary Partners LLC acquired a new stake in shares of Hyliion in the third quarter valued at approximately $188,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Hyliion in the second quarter valued at approximately $145,000. 22.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hyliion

In other news, Director Vincent Cubbage acquired 50,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was bought at an average price of $3.40 per share, for a total transaction of $170,000.00. Following the transaction, the director owned 1,131,363 shares in the company, valued at $3,846,634.20. This represents a 4.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 21.40% of the company’s stock.

Hyliion Trading Up 13.7%

Hyliion stock opened at $2.99 on Friday. The stock has a 50 day moving average of $3.66 and a two-hundred day moving average of $3.46. Hyliion Holdings Corp. has a twelve month low of $1.56 and a twelve month high of $8.49. The stock has a market capitalization of $534.01 million, a price-to-earnings ratio of -9.97 and a beta of 3.74.

Hyliion (NYSEAMERICAN:HYLN) last released its earnings results on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Hyliion had a negative return on equity of 27.94% and a negative net margin of 564.34%. The business had revenue of $4.94 million for the quarter, compared to analyst estimates of $2.40 million. Equities analysts predict that Hyliion Holdings Corp. will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

HYLN has been the topic of a number of research reports. Craig Hallum initiated coverage on shares of Hyliion in a research report on Tuesday, September 29th. They set a “buy” rating and a $7.00 target price on the stock. Northland Securities upgraded shares of Hyliion from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.67.

Hyliion Company Profile

Hyliion Holdings Corp. develops sustainable power-generation technologies designed to reduce emissions and improve efficiency across commercial and industrial applications. The company is focused on its KARNO generator, an additive-manufactured, fuel-agnostic generator platform that can operate on a range of fuels, including hydrogen and renewable fuels.

The KARNO technology is intended for use in distributed power-generation systems, including stationary and mobile applications. Hyliion has positioned the platform for potential use in data centers, microgrids, commercial facilities, and other settings that require reliable electricity with lower emissions than conventional generators.

Hyliion was founded in 2015 by Thomas Healy and initially developed hybrid and electric powertrain systems for commercial trucks.