ProShare Advisors LLC Lowers Position in Hyliion Holdings Corp. (NYSE:HYLN)

ProShare Advisors LLC lessened its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 25.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,002 shares of the company’s stock after selling 6,828 shares during the quarter. ProShare Advisors LLC’s holdings in Hyliion were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HYLN. Price T Rowe Associates Inc. MD boosted its stake in Hyliion by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock valued at $184,000 after acquiring an additional 8,580 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 worth $931,000 after purchasing an additional 51,794 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Hyliion by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock worth $12,833,000 after buying an additional 762,909 shares during the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, insider Govindaraj Ramasamy acquired 30,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $1.92 per share, with a total value of $57,600.00. Following the completion of the acquisition, the insider now owns 298,000 shares in the company, valued at $572,160. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.40% of the stock is owned by company insiders.

Hyliion Price Performance

Shares of Hyliion stock opened at $2.45 on Tuesday. The stock has a market capitalization of $426.39 million, a price-to-earnings ratio of -4.02 and a beta of 1.90. The business has a 50-day moving average of $2.03 and a 200 day moving average of $1.76. Hyliion Holdings Corp. has a 12 month low of $0.52 and a 12 month high of $2.73.

Hyliion (NYSE:HYLN) last posted its earnings results on Tuesday, August 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. Equities research analysts anticipate that Hyliion Holdings Corp. will post -0.29 earnings per share for the current year.

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