FY2024 EPS Estimates for Hyliion Lifted by Northland Capmk

Hyliion Holdings Corp. (NYSE:HYLN) – Stock analysts at Northland Capmk raised their FY2024 earnings per share (EPS) estimates for Hyliion in a report issued on Tuesday, November 19th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings of ($0.28) per share for the year, up from their prior forecast of ($0.29). Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Hyliion’s current full-year earnings is ($0.29) per share.

Separately, Northland Securities boosted their price objective on Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th.

Hyliion Stock Performance

NYSE HYLN opened at $3.68 on Thursday. Hyliion has a twelve month low of $0.55 and a twelve month high of $3.80. The stock has a market capitalization of $639.59 million, a PE ratio of -9.96 and a beta of 1.91. The stock has a 50-day simple moving average of $2.49 and a 200 day simple moving average of $2.02.

Insider Buying and Selling

In other news, Director Jeffrey A. Craig purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the purchase, the director now directly 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 link. Also, insider Govindaraj Ramasamy purchased 30,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $1.92 per share, for a total transaction of $57,600.00. Following the completion of the purchase, the insider now directly owns 298,000 shares of the company’s stock, valued at approximately $572,160. This trade represents a 11.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyliion

Several large investors have recently modified their holdings of the stock. Millennium Management LLC boosted 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 acquiring an additional 1,861,497 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hyliion by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock worth $12,833,000 after acquiring an additional 762,909 shares in the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Hyliion by 130.6% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 933,659 shares of the company’s stock worth $2,315,000 after acquiring an additional 528,750 shares in the last quarter. Barclays PLC boosted its holdings in shares of Hyliion by 272.1% in the 3rd quarter. Barclays PLC now owns 184,685 shares of the company’s stock worth $459,000 after acquiring an additional 135,055 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Hyliion by 79.3% in the 3rd quarter. Jane Street Group LLC now owns 265,302 shares of the company’s stock worth $658,000 after acquiring an additional 117,358 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors.

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