Hyliion Holdings Corp. (NYSE:HYLN) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC lifted its holdings in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 52.9% during the 3rd quarter, Holdings Channel reports. The firm owned 33,700 shares of the company’s stock after buying an additional 11,653 shares during the period. Verition Fund Management LLC’s holdings in Hyliion were worth $84,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Creative Planning acquired a new position in Hyliion during the 3rd quarter worth $29,000. AQR Capital Management LLC purchased a new position in shares of Hyliion in the 2nd quarter valued at about $40,000. Intech Investment Management LLC acquired a new position in shares of Hyliion during the third quarter worth about $77,000. The Manufacturers Life Insurance Company grew its position in shares of Hyliion by 20.7% during the second quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock worth $94,000 after buying an additional 9,948 shares in the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of Hyliion during the second quarter worth approximately $656,000. Institutional investors and hedge funds own 22.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Northland Capmk upgraded shares of Hyliion to a “hold” rating in a research note on Tuesday, October 1st.

Hyliion Trading Down 5.5 %

Hyliion stock opened at $2.77 on Wednesday. The stock has a market cap of $481.24 million, a P/E ratio of -7.49 and a beta of 2.03. The company has a fifty day simple moving average of $2.86 and a 200-day simple moving average of $2.25. Hyliion Holdings Corp. has a 12-month low of $0.62 and a 12-month high of $4.09.

Insiders Place Their Bets

In other Hyliion news, Director Vincent T. Cubbage sold 65,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.90, for a total value of $253,500.00. Following the completion of the transaction, the director now owns 972,078 shares in the company, valued at $3,791,104.20. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey A. Craig bought 50,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were purchased at an average price of $2.95 per share, for a total transaction of $147,500.00. Following the transaction, the director now directly owns 282,060 shares of the company’s stock, valued at approximately $832,077. This represents a 21.55 % increase in their position. The disclosure for this purchase can be found here. 20.40% of the stock is owned by company insiders.

Hyliion Company Profile