HYNE (NASDAQ:HYNE) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded HYNE from "hold" to "sell", and Weiss Ratings also initiated coverage with a "sell (e)," leaving HYNE with an average MarketBeat rating of "Sell".
• Shares opened at $14.90 on Friday (up about 4.2%), trading near their 52-week high of $14.90 and above the 50-day moving average of $14.41.
• Several institutions—including Jane Street Group, Cerity Partners, Harbor Advisors, HRT Financial and Raffles Associates—established new Q4 positions in HYNE, with individual stakes roughly between $205,000 and $455,000.

HYNE (NASDAQ:HYNE - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings initiated coverage on HYNE in a report on Tuesday, March 3rd. They set a "sell (e)" rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, HYNE has an average rating of "Sell".

HYNE Stock Up 4.2%

Shares of HYNE stock opened at $14.90 on Friday. The business's 50-day moving average is $14.41. HYNE has a 52 week low of $13.35 and a 52 week high of $14.90.

Institutional Investors Weigh In On HYNE

Several institutional investors have recently made changes to their positions in HYNE. HRT Financial LP bought a new stake in shares of HYNE during the 4th quarter valued at $205,000. Harbor Advisors LLC bought a new position in shares of HYNE in the fourth quarter worth $217,000. Jane Street Group LLC acquired a new position in HYNE in the fourth quarter valued at about $307,000. Raffles Associates LP bought a new stake in HYNE during the fourth quarter worth about $346,000. Finally, Cerity Partners LLC bought a new stake in HYNE during the fourth quarter worth about $455,000.

HYNE Company Profile

Hoyne Bancorp Inc focuses on operating as the bank holding company for Hoyne Savings Bank which provides various financial products and services. Hoyne Bancorp Inc is based in Chicago, Illinois.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.