Jeffrey A. Craig Buys 50,000 Shares of Hyliion Holdings Corp. (NYSE:HYLN) Stock

Hyliion Holdings Corp. (NYSE:HYLN) Director Jeffrey A. Craig purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average price of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the acquisition, the director now owns 282,060 shares of the company’s stock, valued at $832,077. The trade was a 21.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyliion Stock Performance

Hyliion stock opened at $3.68 on Friday. Hyliion Holdings Corp. has a fifty-two week low of $0.55 and a fifty-two week high of $3.80. The stock has a market cap of $639.59 million, a PE ratio of -9.96 and a beta of 1.91. The firm’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $2.02.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Northland Securities boosted their price target on shares of Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Northland Capmk upgraded shares of Hyliion to a “hold” rating in a report on Tuesday, October 1st.

Institutional Trading of Hyliion

Several hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in Hyliion by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock worth $184,000 after acquiring an additional 8,580 shares during the period. The Manufacturers Life Insurance Company raised its position in Hyliion by 20.7% in the second quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock worth $94,000 after acquiring an additional 9,948 shares during the period. Verition Fund Management LLC raised its position in Hyliion by 52.9% in the third quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock worth $84,000 after acquiring an additional 11,653 shares during the period. Creative Planning bought a new stake in Hyliion in the third quarter worth about $29,000. Finally, State Street Corp raised its position in Hyliion by 0.6% in the third quarter. State Street Corp now owns 2,985,109 shares of the company’s stock worth $7,403,000 after acquiring an additional 16,707 shares during the period. Institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile