ProShare Advisors LLC Increases Stake in Hyliion Holdings Corp. (NYSE:HYLN)

ProShare Advisors LLC grew its holdings in Hyliion Holdings Corp. (NYSE:HYLNFree Report) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,287 shares of the company’s stock after acquiring an additional 12,657 shares during the period. ProShare Advisors LLC’s holdings in Hyliion were worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Xponance Inc. purchased a new position in Hyliion in the fourth quarter valued at $29,000. Cibc World Markets Corp acquired a new position in shares of Hyliion during the 4th quarter worth about $34,000. Aquatic Capital Management LLC purchased a new position in shares of Hyliion in the 4th quarter valued at about $42,000. Raymond James Financial Inc. purchased a new position in shares of Hyliion in the 4th quarter valued at about $43,000. Finally, AXQ Capital LP acquired a new stake in shares of Hyliion during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 22.81% of the company’s stock.

Hyliion Stock Down 7.1%

HYLN opened at $1.43 on Tuesday. 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 is $1.44 and its two-hundred day moving average is $2.07. The firm has a market cap of $249.99 million, a price-to-earnings ratio of -3.86 and a beta of 2.76.

Insiders Place Their Bets

In related news, CFO Jon Panzer bought 40,000 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average cost of $1.14 per share, for a total transaction of $45,600.00. Following the purchase, the chief financial officer now owns 925,669 shares of the company’s stock, valued at $1,055,262.66. This trade represents a 4.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have acquired 65,000 shares of company stock valued at $73,850. Insiders own 20.90% of the company’s stock.

Analyst Ratings Changes

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

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See Also

Institutional Ownership by Quarter for Hyliion (NYSE:HYLN)

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