Hyliion Holdings Corp. (NYSE:HYLN) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN - Free Report) by 222.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.26% of Hyliion worth $1,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Xponance Inc. purchased a new stake in shares of Hyliion in the 4th quarter valued at $29,000. Cibc World Markets Corp acquired a new stake in shares of Hyliion during the fourth quarter worth about $34,000. Aquatic Capital Management LLC purchased a new position in shares of Hyliion in the fourth quarter valued at approximately $42,000. Raymond James Financial Inc. acquired a new position in shares of Hyliion in the fourth quarter valued at approximately $43,000. Finally, AXQ Capital LP acquired a new position in shares of Hyliion in the fourth quarter valued at approximately $46,000. 22.81% of the stock is owned by hedge funds and other institutional investors.

Hyliion Stock Performance

Shares of Hyliion stock traded down $0.08 during trading hours on Tuesday, reaching $1.26. 1,077,165 shares of the company were exchanged, compared to its average volume of 986,169. The firm has a market cap of $220.27 million, a PE ratio of -3.41 and a beta of 2.76. Hyliion Holdings Corp. has a 1 year low of $1.17 and a 1 year high of $4.10. The stock's fifty day moving average is $1.49 and its 200 day moving average is $2.15.

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