SG Americas Securities LLC Reduces Stake in Hyliion Holdings Corp. (NYSE:HYLN)

SG Americas Securities LLC cut its position in Hyliion Holdings Corp. (NYSE:HYLN – Get Rating) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,796 shares of the company’s stock after selling 8,715 shares during the quarter. SG Americas Securities LLC’s holdings in Hyliion were worth $142,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Metropolitan Life Insurance Co NY boosted its position in shares of Hyliion by 66.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 8,860 shares of the company’s stock valued at $25,000 after purchasing an additional 3,524 shares during the period. Ensign Peak Advisors Inc lifted its position in Hyliion by 65.8% during the 3rd quarter. Ensign Peak Advisors Inc now owns 10,000 shares of the company’s stock worth $29,000 after acquiring an additional 3,970 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in Hyliion during the 3rd quarter worth approximately $30,000. LPL Financial LLC acquired a new stake in Hyliion during the 2nd quarter worth approximately $36,000. Finally, Victory Capital Management Inc. acquired a new stake in Hyliion during the 3rd quarter worth approximately $35,000. 29.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on HYLN shares. The Goldman Sachs Group decreased their price objective on Hyliion from $2.50 to $1.75 and set a “sell” rating for the company in a research report on Wednesday, April 12th. Cantor Fitzgerald decreased their price objective on Hyliion from $4.00 to $3.00 in a research report on Thursday. Finally, UBS Group cut their target price on Hyliion from $3.50 to $3.25 and set a “neutral” rating for the company in a research note on Thursday, March 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $3.00.

Hyliion Trading Down 6.7 %

Shares of HYLN stock opened at $1.82 on Monday. The company has a market cap of $327.58 million, a price-to-earnings ratio of -2.09 and a beta of 1.44. The stock has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $2.53. Hyliion Holdings Corp. has a 12-month low of $1.22 and a 12-month high of $4.71.

Hyliion (NYSE:HYLN – Get Rating) last issued its earnings results on Tuesday, February 28th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.06. Hyliion had a negative return on equity of 32.29% and a negative net margin of 7,281.91%. The business had revenue of $1.10 million during the quarter, compared to the consensus estimate of $0.65 million. On average, equities analysts forecast that Hyliion Holdings Corp. will post -0.77 earnings per share for the current fiscal year.

Hyliion Profile

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Hyliion Holdings Corp. manufactures hybrid and electric powertrains for trucks. It engages in the provision of hybrid technology to tractor trailers. The company was founded by Thomas Healy in 2015 and is headquartered in Cedar Park, TX.