Goldman Sachs Group Inc. Decreases Position in Hyliion Holdings Corp. $HYLN

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Hyliion Holdings Corp. by 28.3%, selling 224,030 shares and owning 567,321 shares valued at approximately $794,000.
• Institutional investors have shown significant interest, with Squarepoint Ops LLC increasing its holdings by 492.0%, and GSA Capital Partners LLP raising theirs by 3,622.6%.
• Hyliion's stock recently saw a 2.4% increase, and analysts have upgraded its rating from "sell" to "hold" amid a generally cautious outlook, as reflected in the consensus rating of "Hold".

Goldman Sachs Group Inc. trimmed its position in Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 567,321 shares of the company's stock after selling 224,030 shares during the period. Goldman Sachs Group Inc. owned about 0.32% of Hyliion worth $794,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC boosted its holdings in Hyliion by 492.0% in the 4th quarter. Squarepoint Ops LLC now owns 239,009 shares of the company's stock worth $624,000 after buying an additional 198,633 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Hyliion by 3,622.6% in the 1st quarter. GSA Capital Partners LLP now owns 449,498 shares of the company's stock worth $629,000 after buying an additional 437,423 shares during the last quarter. Invesco Ltd. boosted its stake in Hyliion by 43.6% during the 1st quarter. Invesco Ltd. now owns 2,678,501 shares of the company's stock worth $3,750,000 after purchasing an additional 813,593 shares during the last quarter. 683 Capital Management LLC boosted its stake in Hyliion by 171.4% during the 1st quarter. 683 Capital Management LLC now owns 950,000 shares of the company's stock worth $1,330,000 after purchasing an additional 600,000 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Hyliion during the 1st quarter worth $811,000. 22.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hyliion

In related news, Director Richard Joseph Freeland purchased 65,000 shares of Hyliion stock in a transaction dated Thursday, August 21st. The shares were acquired at an average price of $1.57 per share, for a total transaction of $102,050.00. Following the acquisition, the director directly owned 222,798 shares in the company, valued at approximately $349,792.86. The trade was a 41.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.90% of the stock is currently owned by corporate insiders.

Hyliion Stock Up 2.4%

NYSE HYLN opened at $2.14 on Wednesday. Hyliion Holdings Corp. has a 52 week low of $1.11 and a 52 week high of $4.09. The business's fifty day simple moving average is $1.67 and its 200-day simple moving average is $1.53. The firm has a market cap of $375.44 million, a PE ratio of -5.78 and a beta of 2.31.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HYLN. Wall Street Zen raised shares of Hyliion from a "sell" rating to a "hold" rating in a research note on Saturday. Zacks Research raised shares of Hyliion from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

About Hyliion

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