Hyliion (NYSE:HYLN) Hits New 12-Month High – Here’s Why

Hyliion Holdings Corp. (NYSE:HYLN)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $3.09 and last traded at $3.08, with a volume of 520041 shares. The stock had previously closed at $2.80.

Analyst Ratings Changes

HYLN has been the subject of a number of research reports. Northland Capmk upgraded Hyliion to a “hold” rating in a research report on Tuesday, October 1st. Northland Securities lifted their price objective on shares of Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th.

Hyliion Stock Performance

The stock has a fifty day moving average price of $2.46 and a 200 day moving average price of $2.00. The stock has a market cap of $505.99 million, a PE ratio of -7.88 and a beta of 1.91.

Insider Buying and Selling at Hyliion

In other Hyliion news, Director Jeffrey A. Craig acquired 50,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average price of $2.95 per share, with a total value of $147,500.00. Following the transaction, the director now directly owns 282,060 shares of the company’s stock, valued at $832,077. The trade was a 21.55 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Govindaraj Ramasamy bought 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $1.92 per share, with a total value of $57,600.00. Following the completion of the transaction, the insider now owns 298,000 shares of the company’s stock, valued at approximately $572,160. The trade was a 11.19 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in Hyliion by 272.1% during the 3rd quarter. Barclays PLC now owns 184,685 shares of the company’s stock worth $459,000 after purchasing an additional 135,055 shares during the period. XTX Topco Ltd bought a new position in Hyliion in the third quarter worth approximately $60,000. Jane Street Group LLC raised its position in shares of Hyliion by 79.3% in the 3rd quarter. Jane Street Group LLC now owns 265,302 shares of the company’s stock worth $658,000 after acquiring an additional 117,358 shares in the last quarter. State Street Corp boosted its position in Hyliion by 0.6% during the third quarter. State Street Corp now owns 2,985,109 shares of the company’s stock valued at $7,403,000 after purchasing an additional 16,707 shares in the last quarter. Finally, HITE Hedge Asset Management LLC grew its stake in Hyliion by 130.6% in the third quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock valued at $2,315,000 after purchasing an additional 528,750 shares during the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile