Hyliion Holdings Corp. (NYSE:HYLN) CFO Jon Panzer Purchases 40,000 Shares

Hyliion Holdings Corp. (NYSE:HYLN) CFO Jon Panzer acquired 40,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was bought at an average price of $1.14 per share, with a total value of $45,600.00. Following the purchase, the chief financial officer now directly owns 925,669 shares of the company’s stock, valued at $1,055,262.66. This represents a 4.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hyliion Stock Down 5.0%

NYSE HYLN opened at $1.14 on Wednesday. Hyliion Holdings Corp. has a 52-week low of $1.11 and a 52-week high of $4.10. The business’s 50-day moving average price is $1.44 and its 200 day moving average price is $2.10. The firm has a market cap of $199.29 million, a P/E ratio of -3.08 and a beta of 2.76.

Hedge Funds Weigh In On Hyliion

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Hyliion by 1,184.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 371,463 shares of the company’s stock worth $970,000 after buying an additional 342,546 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hyliion by 405.6% during the 4th quarter. JPMorgan Chase & Co. now owns 321,008 shares of the company’s stock valued at $838,000 after acquiring an additional 257,514 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Hyliion during the 4th quarter valued at approximately $942,000. Dimensional Fund Advisors LP lifted its position in shares of Hyliion by 628.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company’s stock valued at $1,335,000 after acquiring an additional 443,412 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Hyliion by 222.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 458,051 shares of the company’s stock worth $1,196,000 after purchasing an additional 315,921 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Hyliion from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd.

Hyliion Company Profile