Bank of America Corp DE Sells 205,327 Shares of Hyliion Holdings Corp. (NYSE:HYLN)

Bank of America Corp DE lessened its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 78.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,957 shares of the company's stock after selling 205,327 shares during the quarter. Bank of America Corp DE's holdings in Hyliion were worth $149,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HYLN. Commonwealth Equity Services LLC raised its stake in shares of Hyliion by 1,184.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 371,463 shares of the company's stock valued at $970,000 after acquiring an additional 342,546 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Hyliion by 405.6% during the 4th quarter. JPMorgan Chase & Co. now owns 321,008 shares of the company's stock valued at $838,000 after purchasing an additional 257,514 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Hyliion in the 4th quarter valued at $942,000. Dimensional Fund Advisors LP boosted its stake in Hyliion by 628.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company's stock worth $1,335,000 after purchasing an additional 443,412 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Hyliion by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company's stock worth $2,782,000 after purchasing an additional 8,326 shares in the last quarter. Institutional investors and hedge funds own 22.81% of the company's stock.

Hyliion Stock Performance

HYLN traded down $0.08 during midday trading on Friday, hitting $1.37. The company had a trading volume of 975,884 shares, compared to its average volume of 1,255,489. Hyliion Holdings Corp. has a twelve month low of $1.11 and a twelve month high of $4.10. The firm's 50-day simple moving average is $1.49 and its 200-day simple moving average is $1.91. The company has a market capitalization of $238.63 million, a PE ratio of -3.69 and a beta of 2.74.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Hyliion from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Insider Buying and Selling

In other news, CFO Jon Panzer acquired 40,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $1.14 per share, for a total transaction of $45,600.00. Following the completion of the transaction, the chief financial officer now directly owns 925,669 shares in the company, valued at $1,055,262.66. This trade represents a 4.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased 65,000 shares of company stock worth $73,850 in the last quarter. Insiders own 20.90% of the company's stock.

Hyliion Profile