Hyliion (HYLN) Projected to Post Earnings on Tuesday

Hyliion (NYSE:HYLN) is anticipated to release its results after the market closes on Tuesday, November 11th. Analysts expect Hyliion to post earnings of ($0.08) per share and revenue of $1.80 million for the quarter.

Hyliion Stock Up 1.9%

HYLN opened at $2.12 on Friday. Hyliion has a 52 week low of $1.11 and a 52 week high of $4.09. The stock has a market cap of $371.93 million, a PE ratio of -5.73 and a beta of 2.35. The business has a 50 day moving average of $2.05 and a 200-day moving average of $1.71.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HYLN shares. Zacks Research raised Hyliion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Johnson Rice began coverage on shares of Hyliion in a research report on Tuesday, October 21st. They set a “buy” rating and a $5.00 price target for the company. Finally, Wall Street Zen lowered shares of Hyliion from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $5.00.

Insider Buying and Selling

In other news, Director Richard Joseph Freeland acquired 65,000 shares of Hyliion stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $1.57 per share, for a total transaction of $102,050.00. Following the purchase, the director owned 222,798 shares in the company, valued at $349,792.86. This trade represents a 41.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On Hyliion

A number of institutional investors have recently made changes to their positions in HYLN. Headlands Technologies LLC purchased a new position in Hyliion in the 2nd quarter worth approximately $57,000. Bridgeway Capital Management LLC increased its holdings in shares of Hyliion by 211.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 132,500 shares of the company’s stock worth $175,000 after purchasing an additional 90,000 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Hyliion in the 2nd quarter worth $30,000. Marshall Wace LLP purchased a new position in shares of Hyliion in the second quarter worth $386,000. Finally, Invesco Ltd. lifted its holdings in shares of Hyliion by 22.8% during the second quarter. Invesco Ltd. now owns 3,288,531 shares of the company’s stock valued at $4,341,000 after purchasing an additional 610,030 shares in the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile