Hyliion (HYLN) to Release Quarterly Earnings on Tuesday

Key Points

• Hyliion is set to announce its quarterly earnings on August 5th, with analysts predicting a loss of ($0.09) per share and revenue of $1.60 million.
• Recent insider trading shows CFO Jon Panzer purchased 40,000 shares at $1.14 each, indicating confidence in the company's future with a total investment of approximately $45,600.
• Hedge funds have increased their stakes in Hyliion, with notable investments including a 941.8% increase from Jane Street Group LLC, signaling institutional interest in the stock.

Hyliion (NYSE:HYLN - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Tuesday, August 12th. Analysts expect Hyliion to post earnings of ($0.09) per share and revenue of $1.60 million for the quarter.

Hyliion Stock Performance

Shares of NYSE:HYLN traded down $0.10 during midday trading on Friday, reaching $1.40. The company's stock had a trading volume of 1,086,337 shares, compared to its average volume of 1,389,847. The firm has a market capitalization of $244.75 million, a price-to-earnings ratio of -3.78 and a beta of 2.59. The firm has a 50 day moving average price of $1.49 and a two-hundred day moving average price of $1.64. Hyliion has a fifty-two week low of $1.11 and a fifty-two week high of $4.10.

Insider Buying and Selling

In related news, CFO Jon Panzer acquired 40,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of $1.14 per share, with a total value of $45,600.00. Following the acquisition, the chief financial officer owned 925,669 shares of the company's stock, valued at approximately $1,055,262.66. This trade represents a 4.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 65,000 shares of company stock valued at $73,850. Insiders own 20.90% of the company's stock.

Institutional Trading of Hyliion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new position in shares of Hyliion in the first quarter valued at approximately $26,000. AQR Capital Management LLC lifted its stake in Hyliion by 15.1% in the first quarter. AQR Capital Management LLC now owns 76,957 shares of the company's stock valued at $108,000 after purchasing an additional 10,076 shares during the last quarter. Jane Street Group LLC lifted its stake in Hyliion by 941.8% in the first quarter. Jane Street Group LLC now owns 114,997 shares of the company's stock valued at $161,000 after purchasing an additional 103,959 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Hyliion in the first quarter valued at approximately $214,000. Finally, Millennium Management LLC lifted its stake in Hyliion by 27.4% in the first quarter. Millennium Management LLC now owns 6,295,760 shares of the company's stock valued at $8,814,000 after purchasing an additional 1,355,951 shares during the last quarter. 22.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About Hyliion