State Street Corp Buys 16,707 Shares of Hyliion Holdings Corp. (NYSE:HYLN)

State Street Corp grew its position in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,985,109 shares of the company’s stock after acquiring an additional 16,707 shares during the quarter. State Street Corp owned 1.72% of Hyliion worth $7,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC boosted its holdings 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 purchasing an additional 1,861,497 shares during the last quarter. HITE Hedge Asset Management LLC lifted its position in shares of Hyliion by 130.6% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock worth $2,315,000 after buying an additional 528,750 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hyliion by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock worth $931,000 after buying an additional 51,794 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Hyliion in the third quarter valued at approximately $77,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Hyliion during the second quarter valued at approximately $40,000. Institutional investors own 22.81% of the company’s stock.

Insider Activity

In other news, Director Jeffrey A. Craig acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $2.95 per share, for a total transaction of $147,500.00. Following the purchase, the director now owns 282,060 shares of the company’s stock, valued at approximately $832,077. The trade was a 21.55 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vincent T. Cubbage sold 65,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at approximately $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. Insiders own 20.40% of the company’s stock.

Hyliion Stock Performance

HYLN opened at $2.72 on Friday. The firm has a market cap of $472.56 million, a P/E ratio of -7.35 and a beta of 2.03. Hyliion Holdings Corp. has a fifty-two week low of $0.79 and a fifty-two week high of $4.09. The firm has a 50-day moving average of $2.90 and a 200 day moving average of $2.31.

Analysts Set New Price Targets

Separately, Northland Capmk raised Hyliion to a “hold” rating in a research report on Tuesday, October 1st.

About Hyliion