Bank of America Corp DE Has $149,000 Holdings in Hyliion Holdings Corp. (NYSE:HYLN)

Bank of America Corp DE decreased its position in shares of Hyliion Holdings Corp. (NYSE:HYLNFree Report) by 78.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,957 shares of the company’s stock after selling 205,327 shares during the quarter. Bank of America Corp DE’s holdings in Hyliion were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Hyliion by 4.3% during the 4th quarter. Rhumbline Advisers now owns 219,617 shares of the company’s stock worth $573,000 after purchasing an additional 8,979 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Hyliion by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company’s stock worth $2,782,000 after acquiring an additional 8,326 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Hyliion in the fourth quarter valued at approximately $43,000. Commonwealth Equity Services LLC increased 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 valued at $970,000 after acquiring an additional 342,546 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Hyliion during the fourth quarter worth approximately $34,000. 22.81% of the stock is owned by institutional investors.

Hyliion Stock Up 7.6%

HYLN stock opened at $1.56 on Tuesday. The stock’s 50 day moving average is $1.48 and its 200-day moving average is $1.93. Hyliion Holdings Corp. has a twelve month low of $1.11 and a twelve month high of $4.10. The firm has a market capitalization of $272.72 million, a PE ratio of -4.22 and a beta of 2.74.

Insider Buying and Selling at Hyliion

In other Hyliion news, CFO Jon Panzer acquired 40,000 shares of Hyliion stock in a transaction that occurred on Friday, May 23rd. The stock was acquired 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 approximately $1,055,262.66. This represents a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 65,000 shares of company stock worth $73,850 over the last ninety days. 20.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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Institutional Ownership by Quarter for Hyliion (NYSE:HYLN)

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