11,804 Shares in Hyliion Holdings Corp. (NYSE:HYLN) Bought by Creative Planning

Creative Planning purchased a new position in shares of Hyliion Holdings Corp. (NYSE:HYLN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,804 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its position in Hyliion by 20.7% during the second quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock worth $94,000 after acquiring an additional 9,948 shares in the last quarter. Millennium Management LLC raised its position 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 acquiring an additional 1,861,497 shares in the last quarter. AQR Capital Management LLC bought a new stake in Hyliion during the second quarter worth $40,000. HITE Hedge Asset Management LLC bought a new stake in Hyliion during the second quarter worth $656,000. Finally, Bank of New York Mellon Corp raised its position in Hyliion by 9.9% during 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 in the last quarter. 22.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Northland Capmk raised shares of Hyliion to a “hold” rating in a research report on Tuesday, October 1st. Northland Securities increased their price objective on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th.

Hyliion Price Performance

Shares of HYLN opened at $2.69 on Thursday. The company’s 50-day moving average is $2.33 and its 200-day moving average is $1.95. Hyliion Holdings Corp. has a fifty-two week low of $0.55 and a fifty-two week high of $2.97.

Insider Activity

In other Hyliion news, insider Govindaraj Ramasamy purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost 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 in the company, valued at $572,160. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.40% of the company’s stock.

Hyliion Company Profile