Shares of Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,001,340 shares traded hands during mid-day trading, an increase of 3% from the previous session's volume of 976,350 shares.The stock last traded at $3.92 and had previously closed at $3.71.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Northland Securities lifted their price target on Hyliion from $1.50 to $2.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 13th. Northland Capmk upgraded Hyliion to a "hold" rating in a research report on Tuesday, October 1st.
View Our Latest Stock Report on HYLN
Hyliion Stock Performance
The company has a market cap of $667.12 million, a PE ratio of -10.38 and a beta of 1.91. The stock's 50 day moving average price is $2.53 and its 200-day moving average price is $2.03.
Insider Transactions at Hyliion
In other news, insider Govindaraj Ramasamy bought 30,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $1.92 per share, with a total value of $57,600.00. Following the completion of the purchase, the insider now directly owns 298,000 shares in the company, valued at $572,160. This represents a 11.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey A. Craig purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average price of $2.95 per share, with a total value of $147,500.00. Following the completion of the acquisition, the director now directly owns 282,060 shares in the company, valued at $832,077. The trade was a 21.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 20.40% of the company's stock.
Institutional Trading of Hyliion
Several large investors have recently modified their holdings of the business. HITE Hedge Asset Management LLC purchased a new stake in Hyliion in the 2nd quarter worth approximately $656,000. Millennium Management LLC raised its holdings in shares of Hyliion by 64.8% during the second quarter. Millennium Management LLC now owns 4,735,608 shares of the company's stock valued at $7,672,000 after acquiring an additional 1,861,497 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Hyliion by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company's stock worth $931,000 after acquiring an additional 51,794 shares during the period. AQR Capital Management LLC bought a new stake in Hyliion in the second quarter valued at $40,000. Finally, Vanguard Group Inc. increased its position in Hyliion by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company's stock valued at $12,833,000 after purchasing an additional 762,909 shares during the period. 22.81% of the stock is owned by institutional investors.
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