Vincent T. Cubbage Sells 65,000 Shares of Hyliion Holdings Corp. (NYSE:HYLN) Stock

Hyliion Holdings Corp. (NYSE:HYLN) Director Vincent T. Cubbage sold 65,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.90, for a total value of $253,500.00. Following the completion of the transaction, the director now directly owns 972,078 shares of the company’s stock, valued at approximately $3,791,104.20. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hyliion Stock Performance

NYSE HYLN traded up $0.12 during trading on Friday, hitting $3.84. The stock had a trading volume of 3,865,778 shares, compared to its average volume of 990,046. The company has a market capitalization of $665.68 million, a PE ratio of -10.41 and a beta of 1.91. Hyliion Holdings Corp. has a 12 month low of $0.55 and a 12 month high of $4.04. The company’s 50-day moving average price is $2.49 and its two-hundred day moving average price is $2.02.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Hyliion by 11.7% during the first quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after purchasing an additional 762,909 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of 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 buying an additional 8,580 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Hyliion by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock worth $931,000 after buying an additional 51,794 shares during the last quarter. HITE Hedge Asset Management LLC bought a new position in Hyliion during the second quarter worth $656,000. Finally, AQR Capital Management LLC acquired a new position in shares of Hyliion in the second quarter valued at $40,000. Institutional investors own 22.81% of the company’s stock.

About Hyliion