Hyliion (HYLN) Expected to Announce 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) will likely be releasing its earnings data 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 Price Performance

HYLN traded down $0.10 during midday trading on Friday, reaching $1.40. 1,086,337 shares of the company's stock traded hands, compared to its average volume of 1,389,847. The firm has a fifty day moving average of $1.49 and a two-hundred day moving average of $1.64. The stock has a market capitalization of $244.75 million, a price-to-earnings ratio of -3.78 and a beta of 2.59. Hyliion has a 52 week low of $1.11 and a 52 week high of $4.10.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CFO Jon Panzer acquired 40,000 shares of Hyliion stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $1.14 per share, with a total value of $45,600.00. Following the transaction, the chief financial officer directly owned 925,669 shares in the company, valued at approximately $1,055,262.66. This represents a 4.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders purchased 65,000 shares of company stock valued at $73,850. 20.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its stake in Hyliion by 27.4% during the 1st 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. Acadian Asset Management LLC purchased a new position in shares of Hyliion in the 1st quarter worth $214,000. Jane Street Group LLC boosted its stake in shares of Hyliion by 941.8% in the 1st quarter. Jane Street Group LLC now owns 114,997 shares of the company's stock worth $161,000 after buying an additional 103,959 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Hyliion by 15.1% in the 1st quarter. AQR Capital Management LLC now owns 76,957 shares of the company's stock worth $108,000 after buying an additional 10,076 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Hyliion in the 1st quarter worth $26,000. Institutional investors own 22.81% of the company's stock.

Hyliion Company Profile