Charles Schwab Investment Management Inc. Trims Stake in Hyliion Holdings Corp. $HYLN

Charles Schwab Investment Management Inc. lowered its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,040,003 shares of the company’s stock after selling 25,717 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.59% of Hyliion worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in HYLN. Aquatic Capital Management LLC purchased a new stake in Hyliion during the 4th quarter valued at $42,000. Raymond James Financial Inc. bought a new position in Hyliion in the 4th quarter worth $43,000. Mercer Global Advisors Inc. ADV bought a new position in Hyliion in the 4th quarter worth $72,000. ProShare Advisors LLC increased its stake in Hyliion by 47.5% in the 4th quarter. ProShare Advisors LLC now owns 39,287 shares of the company’s stock worth $103,000 after buying an additional 12,657 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of Hyliion during the fourth quarter valued at about $104,000. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research raised Hyliion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded shares of Hyliion from a “hold” rating to a “sell” rating in a research note on Sunday, August 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hyliion Stock Down 2.3%

HYLN stock opened at $1.68 on Tuesday. The company’s 50-day simple moving average is $1.55 and its 200-day simple moving average is $1.53. Hyliion Holdings Corp. has a 52-week low of $1.11 and a 52-week high of $4.10. The firm has a market cap of $294.73 million, a P/E ratio of -4.54 and a beta of 2.31.

Insider Buying and Selling at Hyliion

In related news, Director Richard Joseph Freeland purchased 65,000 shares of Hyliion stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average price of $1.57 per share, for a total transaction of $102,050.00. Following the transaction, the director directly owned 222,798 shares in the company, valued at approximately $349,792.86. This trade represents a 41.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 20.90% of the stock is currently owned by company insiders.

Hyliion Profile