Jeffrey A. Craig Purchases 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 stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of $2.95 per share, with a total value of $147,500.00. Following the transaction, the director now directly owns 282,060 shares in the company, valued at approximately $832,077. This trade represents a 21.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Hyliion Stock Performance

Shares of HYLN opened at $3.84 on Friday. The company has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.03. Hyliion Holdings Corp. has a fifty-two week low of $0.55 and a fifty-two week high of $4.04. The stock has a market capitalization of $666.25 million, a PE ratio of -10.36 and a beta of 1.91.

Institutional Investors Weigh In On Hyliion

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in Hyliion during the third quarter valued at approximately $29,000. AQR Capital Management LLC purchased a new stake in Hyliion during the second quarter valued at approximately $40,000. XTX Topco Ltd purchased a new stake in Hyliion during the third quarter valued at approximately $60,000. Intech Investment Management LLC purchased a new stake in Hyliion during the third quarter valued at approximately $77,000. Finally, Verition Fund Management LLC lifted its position in Hyliion by 52.9% during the third quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock valued at $84,000 after acquiring an additional 11,653 shares during the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Analysts Set New Price Targets

HYLN has been the subject of several research reports. Northland Securities upped their price target on shares of Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Northland Capmk raised shares of Hyliion to a “hold” rating in a research report on Tuesday, October 1st.

Hyliion Company Profile