Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) traded down 3.1% during mid-day trading on Monday . The company traded as low as $1.8435 and last traded at $1.86. 881,141 shares traded hands during trading, a decline of 38% from the average session volume of 1,411,619 shares. The stock had previously closed at $1.92.
Wall Street Analysts Forecast Growth
Several analysts have commented on HYLN shares. Zacks Research raised shares of Hyliion from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded Hyliion from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Johnson Rice began coverage on Hyliion in a research note on Tuesday, October 21st. They issued a “buy” rating and a $5.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.
Read Our Latest Stock Report on HYLN
Hyliion Trading Down 3.1%
Institutional Investors Weigh In On Hyliion
Several institutional investors and hedge funds have recently added to or reduced their stakes in HYLN. Millennium Management LLC raised its holdings in shares of Hyliion by 27.4% in the 1st quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock worth $8,814,000 after purchasing an additional 1,355,951 shares during the period. Invesco Ltd. raised its holdings in Hyliion by 43.6% in the first quarter. Invesco Ltd. now owns 2,678,501 shares of the company’s stock valued at $3,750,000 after buying an additional 813,593 shares during the period. 683 Capital Management LLC raised its holdings in Hyliion by 171.4% in the first quarter. 683 Capital Management LLC now owns 950,000 shares of the company’s stock valued at $1,330,000 after buying an additional 600,000 shares during the period. Nuveen LLC acquired a new position in Hyliion during the first quarter valued at approximately $811,000. Finally, Marshall Wace LLP purchased a new stake in Hyliion during the second quarter worth approximately $386,000. 22.81% of the stock is currently owned by institutional investors and hedge funds.
Hyliion Company Profile
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