Squarepoint Ops LLC Acquires 198,633 Shares of Hyliion Holdings Corp. (NYSE:HYLN)

Squarepoint Ops LLC lifted its position in Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 492.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 239,009 shares of the company's stock after buying an additional 198,633 shares during the period. Squarepoint Ops LLC owned about 0.14% of Hyliion worth $624,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in Hyliion by 1,184.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 371,463 shares of the company's stock valued at $970,000 after purchasing an additional 342,546 shares during the period. JPMorgan Chase & Co. lifted its position in Hyliion by 405.6% during the fourth 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 during the period. BNP Paribas Financial Markets bought a new position in Hyliion during the fourth quarter valued at approximately $942,000. Dimensional Fund Advisors LP lifted its position in Hyliion by 628.8% during the fourth 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 period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Hyliion by 222.3% during the fourth 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 period. 22.81% of the stock is currently owned by institutional investors.

Hyliion Price Performance

Hyliion stock traded down $0.05 during midday trading on Thursday, reaching $1.50. 773,277 shares of the company traded hands, compared to its average volume of 1,244,368. The firm has a market capitalization of $262.23 million, a price-to-earnings ratio of -4.05 and a beta of 2.74. The business has a 50 day moving average of $1.44 and a two-hundred day moving average of $2.06. Hyliion Holdings Corp. has a 12 month low of $1.11 and a 12 month high of $4.10.

Insiders Place Their Bets

In other Hyliion news, CFO Jon Panzer purchased 40,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were acquired 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 owns 925,669 shares of the company's stock, valued at approximately $1,055,262.66. The trade was a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 65,000 shares of company stock worth $73,850. Company insiders own 20.90% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Hyliion from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Hyliion Company Profile