Jane Street Group LLC cut its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN – Free Report) by 95.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,038 shares of the company’s stock after selling 254,264 shares during the period. Jane Street Group LLC’s holdings in Hyliion were worth $29,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Xponance Inc. purchased a new stake in shares of Hyliion during the fourth quarter valued at approximately $29,000. Cibc World Markets Corp bought a new position in shares of Hyliion during the fourth quarter valued at $34,000. Aquatic Capital Management LLC bought a new position in shares of Hyliion during the fourth quarter valued at $42,000. Raymond James Financial Inc. bought a new position in shares of Hyliion during the fourth quarter valued at $43,000. Finally, AXQ Capital LP purchased a new stake in shares of Hyliion during the fourth quarter valued at $46,000. 22.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Hyliion from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.
Hyliion Stock Up 2.5%
HYLN stock opened at $1.61 on Tuesday. The business’s 50-day moving average price is $1.45 and its 200-day moving average price is $2.01. The stock has a market cap of $281.46 million, a P/E ratio of -4.35 and a beta of 2.74. Hyliion Holdings Corp. has a twelve month low of $1.11 and a twelve month high of $4.10.
Insiders Place Their Bets
In other Hyliion news, CFO Jon Panzer acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $1.14 per share, for a total transaction of $45,600.00. Following the acquisition, the chief financial officer now directly owns 925,669 shares in the company, valued at $1,055,262.66. The trade was a 4.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 65,000 shares of company stock valued at $73,850 in the last quarter. 20.90% of the stock is currently owned by insiders.
Hyliion Profile
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