Hyliion (NYSE:HYLN) Lifted to Hold at Northland Capmk

Hyliion (NYSE:HYLN) was upgraded by stock analysts at Northland Capmk to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

Separately, Northland Securities lifted their price target on Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th.

Hyliion Stock Performance

Shares of HYLN opened at $2.27 on Tuesday. Hyliion has a 1 year low of $0.52 and a 1 year high of $2.73. The company’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $1.74. The company has a market capitalization of $393.16 million, a price-to-earnings ratio of -3.71 and a beta of 1.89.

Hyliion (NYSE:HYLN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. Equities analysts expect that Hyliion will post -0.29 EPS for the current fiscal year.

Insider Activity at Hyliion

In other news, insider Govindaraj Ramasamy purchased 30,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $1.92 per share, for a total transaction of $57,600.00. Following the completion of the purchase, the insider now directly owns 298,000 shares of the company’s stock, valued at approximately $572,160. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 20.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyliion

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Hyliion by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after acquiring an additional 762,909 shares in the last quarter. Millennium Management LLC boosted its position in shares of Hyliion by 64.8% in the second quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock worth $7,672,000 after buying an additional 1,861,497 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Hyliion by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock valued at $931,000 after buying an additional 51,794 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of Hyliion during the 2nd quarter valued at about $656,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Hyliion by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock worth $184,000 after acquiring an additional 8,580 shares in the last quarter. 22.81% of the stock is currently owned by hedge funds and other institutional investors.

About Hyliion