Squarepoint Ops LLC Has $624,000 Stake in Hyliion Holdings Corp. (NYSE:HYLN)

Squarepoint Ops LLC lifted its holdings in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 492.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 239,009 shares of the company's stock after acquiring an additional 198,633 shares during the period. Squarepoint Ops LLC owned approximately 0.14% of Hyliion worth $624,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hyliion by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company's stock worth $2,782,000 after acquiring an additional 8,326 shares during the period. Rhumbline Advisers increased its position in shares of Hyliion by 4.3% during the 4th quarter. Rhumbline Advisers now owns 219,617 shares of the company's stock worth $573,000 after purchasing an additional 8,979 shares in the last quarter. Xponance Inc. acquired a new stake in shares of Hyliion during the 4th quarter worth about $29,000. Price T Rowe Associates Inc. MD increased its position in shares of Hyliion by 11.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 121,536 shares of the company's stock worth $318,000 after purchasing an additional 12,007 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Hyliion by 47.5% during the 4th quarter. ProShare Advisors LLC now owns 39,287 shares of the company's stock worth $103,000 after purchasing an additional 12,657 shares in the last quarter. 22.81% of the stock is owned by institutional investors.

Hyliion Trading Up 4.7%

Shares of Hyliion stock traded up $0.07 during mid-day trading on Friday, reaching $1.57. 1,026,569 shares of the stock were exchanged, compared to its average volume of 1,250,020. The company has a market cap of $274.47 million, a price-to-earnings ratio of -4.24 and a beta of 2.74. The firm has a 50-day simple moving average of $1.45 and a 200 day simple moving average of $2.04. Hyliion Holdings Corp. has a fifty-two week low of $1.11 and a fifty-two week high of $4.10.

Analyst Ratings Changes

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

Insider Buying and Selling at Hyliion

In related news, CFO Jon Panzer acquired 40,000 shares of the stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $1.14 per share, for a total transaction of $45,600.00. Following the transaction, the chief financial officer now owns 925,669 shares of the company's stock, valued at $1,055,262.66. The trade was a 4.52% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 65,000 shares of company stock worth $73,850. 20.90% of the stock is currently owned by corporate insiders.

Hyliion Company Profile