Nuveen LLC Makes New Investment in Hyliion Holdings Corp. $HYLN

Nuveen LLC purchased a new stake in Hyliion Holdings Corp. (NYSE:HYLN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 579,403 shares of the company's stock, valued at approximately $811,000. Nuveen LLC owned 0.33% of Hyliion at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HYLN. Invesco Ltd. boosted its holdings in Hyliion by 43.6% in the 1st quarter. Invesco Ltd. now owns 2,678,501 shares of the company's stock valued at $3,750,000 after purchasing an additional 813,593 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hyliion by 628.8% in 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 period. GSA Capital Partners LLP boosted its holdings in Hyliion by 3,622.6% in 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 period. BNP Paribas Financial Markets bought a new position in Hyliion in the 4th quarter valued at $942,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Hyliion by 222.3% in 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 period. 22.81% of the stock is owned by institutional investors.

Hyliion Price Performance

Hyliion stock traded up $0.12 during mid-day trading on Friday, hitting $1.76. The company's stock had a trading volume of 982,801 shares, compared to its average volume of 1,333,480. The stock has a market cap of $308.77 million, a price-to-earnings ratio of -4.76 and a beta of 2.31. The business has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.52. Hyliion Holdings Corp. has a 12 month low of $1.11 and a 12 month high of $4.10.

Wall Street Analyst Weigh In

Several research analysts have commented on HYLN shares. Wall Street Zen downgraded shares of Hyliion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Zacks Research raised shares of Hyliion from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Insiders Place Their Bets

In other Hyliion news, Director Richard Joseph Freeland purchased 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, with a total value of $102,050.00. Following the completion of the purchase, the director directly owned 222,798 shares of the company's stock, valued at approximately $349,792.86. This trade represents a 41.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.90% of the stock is owned by corporate insiders.

Hyliion Company Profile