Hyliion Holdings Corp. (NYSE:HYLN) Stock Position Boosted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 222.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 458,051 shares of the company's stock after acquiring an additional 315,921 shares during the period. Jacobs Levy Equity Management Inc. owned 0.26% of Hyliion worth $1,196,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Hyliion by 49.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,290,566 shares of the company's stock worth $3,368,000 after acquiring an additional 424,866 shares during the last quarter. Northern Trust Corp grew its position in shares of Hyliion by 3.1% during the fourth quarter. Northern Trust Corp now owns 1,143,762 shares of the company's stock worth $2,985,000 after acquiring an additional 34,531 shares during the last quarter. 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 acquiring an additional 8,326 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Hyliion by 628.8% during 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 last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Hyliion by 1,184.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 371,463 shares of the company's stock worth $970,000 after acquiring an additional 342,546 shares during the last quarter. Institutional investors own 22.81% of the company's stock.

Analysts Set New Price Targets

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

Hyliion Trading Down 0.4%

HYLN traded down $0.01 on Thursday, reaching $1.23. The company had a trading volume of 1,069,589 shares, compared to its average volume of 1,116,909. The company has a fifty day moving average of $1.48 and a 200-day moving average of $2.14. The company has a market capitalization of $214.15 million, a P/E ratio of -3.31 and a beta of 2.76. Hyliion Holdings Corp. has a one year low of $1.17 and a one year high of $4.10.

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