FY2024 EPS Estimates for Hyliion Boosted by Northland Capmk

Hyliion Holdings Corp. (NYSE:HYLN) – Northland Capmk boosted their FY2024 earnings per share estimates for Hyliion in a research note issued on Tuesday, November 19th. Northland Capmk analyst E. Jackson now expects that the company will earn ($0.28) per share for the year, up from their previous estimate of ($0.29). Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Hyliion’s current full-year earnings is ($0.29) per share.

Separately, Northland Securities upped their target price 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.

Hyliion Trading Up 3.4 %

NYSE HYLN opened at $3.84 on Thursday. The stock has a fifty day simple moving average of $2.53 and a 200-day simple moving average of $2.03. The stock has a market cap of $665.68 million, a PE ratio of -10.36 and a beta of 1.91. Hyliion has a twelve month low of $0.55 and a twelve month high of $4.04.

Institutional Trading of Hyliion

Several hedge funds have recently modified their holdings of the stock. Creative Planning purchased a new stake in Hyliion during the 3rd quarter worth about $29,000. AQR Capital Management LLC purchased a new stake in shares of Hyliion during the second quarter worth approximately $40,000. XTX Topco Ltd acquired a new stake in Hyliion in the third quarter valued at approximately $60,000. Intech Investment Management LLC purchased a new position in Hyliion in the third quarter worth approximately $77,000. Finally, Verition Fund Management LLC grew its holdings in Hyliion by 52.9% during the 3rd quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock worth $84,000 after acquiring an additional 11,653 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyliion

In related news, Director Vincent T. Cubbage sold 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at $3,791,104.20. This represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Govindaraj Ramasamy bought 30,000 shares of Hyliion stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $1.92 per share, for a total transaction 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 represents a 11.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.40% of the stock is owned by corporate insiders.

About Hyliion