Invesco Ltd. Raises Stock Holdings in Hyliion Holdings Corp. $HYLN

Key Points

• Invesco Ltd. increased its holdings in Hyliion Holdings Corp. by 43.6%, acquiring an additional 813,593 shares, bringing its total ownership to approximately 1.53% of the company valued at $3.75 million.
• Several institutional investors have recently modified their stakes in Hyliion, contributing to a total of 22.81% of the company's stock being owned by institutional investors.
• Analysts have mixed views on Hyliion, with Wall Street Zen downgrading its rating to "sell", while Zacks Research upgraded it to a "hold," resulting in a consensus rating of "Hold" among analysts.

Invesco Ltd. increased its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 43.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,678,501 shares of the company's stock after purchasing an additional 813,593 shares during the quarter. Invesco Ltd. owned 1.53% of Hyliion worth $3,750,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HYLN. Dimensional Fund Advisors LP increased its position in shares of Hyliion by 628.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company's stock valued at $1,335,000 after purchasing an additional 443,412 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Hyliion by 3,622.6% during the 1st quarter. GSA Capital Partners LLP now owns 449,498 shares of the company's stock valued at $629,000 after purchasing an additional 437,423 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Hyliion during the 4th quarter valued at approximately $942,000. 683 Capital Management LLC bought a new position in shares of Hyliion during the 4th quarter valued at approximately $914,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Hyliion by 222.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 458,051 shares of the company's stock valued at $1,196,000 after purchasing an additional 315,921 shares during the last quarter. Institutional investors own 22.81% of the company's stock.

Hyliion Stock Performance

Hyliion stock traded down $0.02 during mid-day trading on Wednesday, hitting $1.59. The company's stock had a trading volume of 535,273 shares, compared to its average volume of 1,339,641. The company has a 50 day moving average of $1.56 and a 200-day moving average of $1.53. The stock has a market cap of $278.94 million, a PE ratio of -4.30 and a beta of 2.31. Hyliion Holdings Corp. has a one year low of $1.11 and a one year high of $4.10.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HYLN shares. Wall Street Zen cut Hyliion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Zacks Research raised Hyliion from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

Insider Buying and Selling at Hyliion

In other news, Director Richard Joseph Freeland bought 65,000 shares of the stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of $1.57 per share, for a total transaction of $102,050.00. Following the acquisition, the director owned 222,798 shares of the company's stock, valued at $349,792.86. This represents a 41.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 20.90% of the company's stock.

Hyliion Profile