Hyliion Holdings Corp. (NYSE:HYLN) Shares Purchased by Barclays PLC

Barclays PLC lifted its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 272.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 184,685 shares of the company's stock after buying an additional 135,055 shares during the quarter. Barclays PLC owned approximately 0.11% of Hyliion worth $459,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Hyliion by 64.8% during the second quarter. Millennium Management LLC now owns 4,735,608 shares of the company's stock worth $7,672,000 after purchasing an additional 1,861,497 shares in the last quarter. HITE Hedge Asset Management LLC lifted its holdings in shares of Hyliion by 130.6% during the third quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company's stock worth $2,315,000 after purchasing an additional 528,750 shares during the period. Jane Street Group LLC grew its position in Hyliion by 79.3% in the 3rd quarter. Jane Street Group LLC now owns 265,302 shares of the company's stock valued at $658,000 after buying an additional 117,358 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Hyliion by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company's stock valued at $931,000 after buying an additional 51,794 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Hyliion in the 3rd quarter worth $77,000. Institutional investors and hedge funds own 22.81% of the company's stock.

Analyst Ratings Changes

Separately, Northland Capmk upgraded shares of Hyliion to a "hold" rating in a research note on Tuesday, October 1st.

Hyliion Trading Up 1.7 %

Shares of HYLN traded up $0.04 during mid-day trading on Friday, hitting $2.37. The company's stock had a trading volume of 782,299 shares, compared to its average volume of 1,052,819. The firm has a 50-day simple moving average of $2.89 and a 200 day simple moving average of $2.41. Hyliion Holdings Corp. has a 1-year low of $0.84 and a 1-year high of $4.09. The firm has a market capitalization of $411.74 million, a P/E ratio of -6.41 and a beta of 2.10.

Insider Activity at Hyliion

In other Hyliion news, Director Jeffrey A. Craig purchased 50,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the transaction, the director now directly owns 282,060 shares of the company's stock, valued at $832,077. This trade represents a 21.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Vincent T. Cubbage sold 65,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $3.90, for a total value of $253,500.00. Following the completion of the sale, the director now directly owns 972,078 shares in the company, valued at approximately $3,791,104.20. The trade was a 6.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.40% of the company's stock.

Hyliion Company Profile