Jane Street Group LLC Trims Position in Hyliion Holdings Corp. (NYSE:HYLN)

Jane Street Group LLC lessened its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 95.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,038 shares of the company's stock after selling 254,264 shares during the quarter. Jane Street Group LLC's holdings in Hyliion were worth $29,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Hyliion by 1,184.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 371,463 shares of the company's stock worth $970,000 after purchasing an additional 342,546 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hyliion by 405.6% during the fourth quarter. JPMorgan Chase & Co. now owns 321,008 shares of the company's stock worth $838,000 after acquiring an additional 257,514 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hyliion by 628.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 513,927 shares of the company's stock worth $1,335,000 after acquiring an additional 443,412 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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. Finally, Renaissance Technologies LLC grew its position in shares of Hyliion by 49.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company's stock valued at $3,368,000 after purchasing an additional 424,866 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Hyliion Stock Performance

Hyliion stock traded up $0.02 during mid-day trading on Thursday, hitting $1.61. 88,339 shares of the company traded hands, compared to its average volume of 1,512,156. The stock has a fifty day moving average price of $1.46 and a 200-day moving average price of $2.00. The stock has a market cap of $280.59 million, a price-to-earnings ratio of -4.34 and a beta of 2.74. Hyliion Holdings Corp. has a one year low of $1.11 and a one year high of $4.10.

Insiders Place Their Bets

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 completion of the transaction, the chief financial officer now owns 925,669 shares of the company's stock, valued at $1,055,262.66. This trade represents a 4.52% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought a total of 65,000 shares of company stock valued at $73,850 over the last quarter. 20.90% of the stock is owned by corporate insiders.

About Hyliion