Intech Investment Management LLC Makes New $77,000 Investment in Hyliion Holdings Corp. (NYSE:HYLN)

Intech Investment Management LLC purchased a new position in Hyliion Holdings Corp. (NYSE:HYLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,958 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Millennium Management LLC raised its holdings in shares of Hyliion by 64.8% in the 2nd 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. Vanguard Group Inc. raised its position in Hyliion by 11.7% during the first quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after buying an additional 762,909 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in shares of Hyliion during the second quarter worth approximately $656,000. Bank of New York Mellon Corp increased its stake in shares of 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 last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Hyliion during the 2nd quarter worth about $40,000. 22.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HYLN shares. Northland Securities raised their price target on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Northland Capmk upgraded shares of Hyliion to a “hold” rating in a report on Tuesday, October 1st.

Hyliion Price Performance

Shares of Hyliion stock opened at $3.23 on Monday. The firm has a fifty day moving average price of $2.77 and a two-hundred day moving average price of $2.17. Hyliion Holdings Corp. has a fifty-two week low of $0.58 and a fifty-two week high of $4.09. The company has a market cap of $561.15 million, a PE ratio of -8.73 and a beta of 2.03.

Insider Buying and Selling

In other Hyliion news, Director Vincent T. Cubbage sold 65,000 shares of Hyliion stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.90, for a total transaction of $253,500.00. Following the sale, the director now directly owns 972,078 shares of the company’s stock, valued at approximately $3,791,104.20. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Govindaraj Ramasamy bought 30,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $1.92 per share, with a total value of $57,600.00. Following the completion of the acquisition, the insider now owns 298,000 shares in the company, valued at $572,160. This represents a 11.19 % increase in their position. The disclosure for this purchase can be found here. 20.40% of the stock is owned by company insiders.

Hyliion Company Profile