HighTower Advisors LLC Sells 22,894 Shares of Hyliion Holdings Corp. (NYSE:HYLN)

HighTower Advisors LLC lessened its stake in Hyliion Holdings Corp. (NYSE:HYLN) by 66.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,460 shares of the company’s stock after selling 22,894 shares during the period. HighTower Advisors LLC’s holdings in Hyliion were worth $28,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in Hyliion by 64.8% in 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 during the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of Hyliion during the second quarter valued at approximately $656,000. Bank of New York Mellon Corp grew 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 purchasing an additional 51,794 shares during the period. Intech Investment Management LLC bought a new stake in Hyliion during the third quarter worth about $77,000. Finally, AQR Capital Management LLC purchased a new stake in Hyliion in the second quarter worth about $40,000. Institutional investors own 22.81% of the company’s stock.

Insider Activity

In other Hyliion news, Director Jeffrey A. Craig bought 50,000 shares of Hyliion stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $2.95 per share, with a total value of $147,500.00. Following the completion of the acquisition, the director now owns 282,060 shares in the company, valued at approximately $832,077. This represents a 21.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vincent T. Cubbage sold 65,000 shares of Hyliion stock in a transaction 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 transaction, the director now owns 972,078 shares in the company, valued at $3,791,104.20. This trade represents a 6.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

Separately, Northland Capmk upgraded shares of Hyliion to a “hold” rating in a report on Tuesday, October 1st.

Hyliion Trading Down 1.1 %

Hyliion stock opened at $2.73 on Friday. The company has a market capitalization of $474.29 million, a price-to-earnings ratio of -7.38 and a beta of 2.03. Hyliion Holdings Corp. has a 12 month low of $0.79 and a 12 month high of $4.09. The business’s fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $2.30.

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