Verition Fund Management LLC Grows Stake in Hyliion Holdings Corp. (NYSE:HYLN)

Verition Fund Management LLC boosted its stake in Hyliion Holdings Corp. (NYSE:HYLN) by 52.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,700 shares of the company’s stock after buying an additional 11,653 shares during the quarter. Verition Fund Management LLC’s holdings in Hyliion were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HYLN. Bank of New York Mellon Corp raised its holdings in shares of Hyliion by 9.9% during the second 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. HITE Hedge Asset Management LLC acquired a new position in Hyliion in the 2nd quarter valued at $656,000. AQR Capital Management LLC purchased a new position in Hyliion in the 2nd quarter valued at $40,000. Millennium Management LLC lifted its holdings in Hyliion by 64.8% in the 2nd quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock valued at $7,672,000 after purchasing an additional 1,861,497 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Hyliion by 20.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock worth $94,000 after purchasing an additional 9,948 shares during the last quarter. 22.81% of the stock is currently owned by institutional investors and hedge funds.

Hyliion Stock Performance

Shares of Hyliion stock opened at $2.77 on Wednesday. The business’s 50 day moving average price is $2.86 and its 200 day moving average price is $2.25. The company has a market cap of $481.24 million, a price-to-earnings ratio of -7.49 and a beta of 2.03. Hyliion Holdings Corp. has a one year low of $0.62 and a one year high of $4.09.

Wall Street Analyst Weigh In

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

Insider Activity

In other Hyliion news, Director Jeffrey A. Craig acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the sale, the director now owns 972,078 shares in the company, valued at $3,791,104.20. This represents a 6.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company’s stock.

About Hyliion