Hyliion Holdings Corp. (NYSE:HYLN) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,038 shares of the company's stock after selling 254,264 shares during the period. Jane Street Group LLC's holdings in Hyliion were worth $29,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HYLN. Charles Schwab Investment Management Inc. grew its position in shares of Hyliion by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,065,720 shares of the company's stock worth $2,782,000 after buying an additional 8,326 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Hyliion by 4.3% during the fourth quarter. Rhumbline Advisers now owns 219,617 shares of the company's stock worth $573,000 after purchasing an additional 8,979 shares during the last quarter. Xponance Inc. acquired a new position in Hyliion in the fourth quarter worth about $29,000. Price T Rowe Associates Inc. MD raised its stake in Hyliion by 11.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 121,536 shares of the company's stock valued at $318,000 after buying an additional 12,007 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Hyliion in the 4th quarter worth approximately $34,000. 22.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hyliion

In other news, CFO Jon Panzer bought 40,000 shares of the firm's 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 in the company, valued at approximately $1,055,262.66. This trade represents a 4.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased 65,000 shares of company stock worth $73,850 in the last 90 days. 20.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Hyliion Trading Down 4.0%

HYLN traded down $0.06 on Friday, hitting $1.45. 735,144 shares of the company's stock were exchanged, compared to its average volume of 1,250,300. The stock has a fifty day moving average of $1.47 and a two-hundred day moving average of $1.98. Hyliion Holdings Corp. has a twelve month low of $1.11 and a twelve month high of $4.10. The firm has a market cap of $253.49 million, a PE ratio of -3.92 and a beta of 2.74.

About Hyliion