Hyliion (NYSE:HYLN) Now Covered by Johnson Rice

Johnson Rice assumed coverage on shares of Hyliion (NYSE:HYLNFree Report) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $5.00 target price on the stock.

A number of other equities research analysts have also weighed in on HYLN. Zacks Research raised Hyliion from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen raised Hyliion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Hyliion presently has a consensus rating of “Moderate Buy” and an average target price of $5.00.

View Our Latest Report on Hyliion

Hyliion Stock Performance

Shares of HYLN stock opened at $2.15 on Tuesday. Hyliion has a 52-week low of $1.11 and a 52-week high of $4.09. The firm has a market capitalization of $377.19 million, a P/E ratio of -5.81 and a beta of 2.51. The stock has a 50 day moving average price of $1.92 and a 200 day moving average price of $1.63.

Insider Activity

In related news, Director Richard Joseph Freeland purchased 65,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were acquired at an average cost of $1.57 per share, for a total transaction of $102,050.00. Following the acquisition, the director owned 222,798 shares of the company’s stock, valued at $349,792.86. The trade was a 41.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HYLN. GSA Capital Partners LLP increased its holdings in shares of Hyliion by 3,622.6% in the 1st quarter. GSA Capital Partners LLP now owns 449,498 shares of the company’s stock valued at $629,000 after acquiring an additional 437,423 shares during the period. Invesco Ltd. increased its holdings in shares of Hyliion by 43.6% in the 1st quarter. Invesco Ltd. now owns 2,678,501 shares of the company’s stock valued at $3,750,000 after acquiring an additional 813,593 shares during the period. Nuveen LLC purchased a new position in shares of Hyliion in the 1st quarter valued at $811,000. American Century Companies Inc. increased its holdings in shares of Hyliion by 14.3% in the 1st quarter. American Century Companies Inc. now owns 211,528 shares of the company’s stock valued at $296,000 after acquiring an additional 26,545 shares during the period. Finally, Cresset Asset Management LLC purchased a new position in shares of Hyliion in the 1st quarter valued at $79,000. 22.81% of the stock is currently owned by hedge funds and other institutional investors.

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