Hyliion Holdings Corp. (NYSE:HYLN) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc cut its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 17.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 47,445 shares of the company’s stock after selling 9,798 shares during the period. Prospera Financial Services Inc’s holdings in Hyliion were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HYLN. Price T Rowe Associates Inc. MD raised its stake in 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 during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Hyliion by 20.7% in the second quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock valued at $94,000 after buying an additional 9,948 shares during the last quarter. Creative Planning acquired a new stake in shares of Hyliion in the third quarter valued at about $29,000. AQR Capital Management LLC purchased a new position in shares of Hyliion in the second quarter worth about $40,000. Finally, Bank of New York Mellon Corp grew its stake in Hyliion by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock valued at $931,000 after acquiring an additional 51,794 shares in the last quarter. 22.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyliion

In other Hyliion news, Director Jeffrey A. Craig acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average price of $2.95 per share, for a total transaction of $147,500.00. Following the completion of the acquisition, the director now owns 282,060 shares of the company’s stock, valued at approximately $832,077. This trade represents a 21.55 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vincent T. Cubbage sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $3.90, for a total transaction of $253,500.00. Following the sale, the director now directly owns 972,078 shares in the company, valued at approximately $3,791,104.20. The trade was a 6.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by corporate insiders.

Hyliion Stock Performance

HYLN stock opened at $3.82 on Tuesday. The firm has a market cap of $663.65 million, a PE ratio of -10.32 and a beta of 1.91. Hyliion Holdings Corp. has a one year low of $0.55 and a one year high of $4.09. The firm’s 50 day moving average price is $2.56 and its 200-day moving average price is $2.06.

Wall Street Analysts Forecast Growth

HYLN has been the topic of several recent research reports. Northland Securities boosted their target price on Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Northland Capmk raised Hyliion to a “hold” rating in a research note on Tuesday, October 1st.

Hyliion Profile