Hyliion Holdings Corp. (NYSE:HYLN) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 20.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,072 shares of the company’s stock after purchasing an additional 9,948 shares during the period. The Manufacturers Life Insurance Company’s holdings in Hyliion were worth $94,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in Hyliion in the 2nd quarter valued at about $40,000. Price T Rowe Associates Inc. MD raised its position in shares of Hyliion by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock valued at $184,000 after buying an additional 8,580 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new stake in Hyliion in the 2nd quarter worth approximately $656,000. Bank of New York Mellon Corp raised its holdings in Hyliion by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock valued at $931,000 after acquiring an additional 51,794 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Hyliion by 64.8% during 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 during the period. 22.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Northland Capmk upgraded Hyliion to a “hold” rating in a research note on Tuesday, October 1st. Northland Securities upped their price objective on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th.

Hyliion Trading Up 3.7 %

HYLN stock opened at $2.54 on Monday. The company has a market cap of $442.05 million, a PE ratio of -4.16 and a beta of 1.90. The stock has a 50-day moving average price of $2.13 and a two-hundred day moving average price of $1.81. Hyliion Holdings Corp. has a 12-month low of $0.52 and a 12-month high of $2.73.

Hyliion (NYSE:HYLN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Equities analysts forecast that Hyliion Holdings Corp. will post -0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Govindaraj Ramasamy purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $1.92 per share, for a total transaction of $57,600.00. Following the acquisition, the insider now owns 298,000 shares in the company, valued at approximately $572,160. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is owned by insiders.

Hyliion Profile