Creative Planning Takes Position in Hyliion Holdings Corp. (NYSE:HYLN)

Creative Planning purchased a new stake in Hyliion Holdings Corp. (NYSE:HYLN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,804 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds also recently made changes to their positions in HYLN. Vanguard Group Inc. boosted its stake in shares of Hyliion by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after purchasing an additional 762,909 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Hyliion by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock valued at $184,000 after purchasing an additional 8,580 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hyliion by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock valued at $931,000 after purchasing an additional 51,794 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of Hyliion in the 2nd quarter valued at approximately $656,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Hyliion in the 2nd quarter valued at approximately $40,000. 22.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Govindaraj Ramasamy acquired 30,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $1.92 per share, for a total transaction of $57,600.00. Following the purchase, the insider now directly owns 298,000 shares of the company’s stock, valued at $572,160. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 20.40% of the company’s stock.

Hyliion Trading Down 6.6 %

Shares of NYSE HYLN opened at $2.69 on Thursday. The company has a 50 day simple moving average of $2.33 and a 200 day simple moving average of $1.95. Hyliion Holdings Corp. has a 1 year low of $0.55 and a 1 year high of $2.97.

Analyst Ratings Changes

A number of research analysts recently issued reports on HYLN shares. Northland Securities raised their price objective on shares of Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. Northland Capmk upgraded shares of Hyliion to a “hold” rating in a report on Tuesday, October 1st.

Hyliion Company Profile