Shares of Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $2.93 and last traded at $2.92, with a volume of 125505 shares traded. The stock had previously closed at $2.88.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Northland Securities boosted their target price on Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Northland Capmk upgraded Hyliion to a “hold” rating in a research note on Tuesday, October 1st.
Get Our Latest Stock Analysis on HYLN
Hyliion Price Performance
Insider Activity
In other news, insider Govindaraj Ramasamy acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $1.92 per share, with a total value of $57,600.00. Following the completion of the acquisition, the insider now owns 298,000 shares of the company’s stock, valued at approximately $572,160. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 20.40% of the company’s stock.
Institutional Trading of Hyliion
Several hedge funds and other institutional investors have recently bought and sold shares of HYLN. Creative Planning acquired a new stake in Hyliion during the third quarter worth about $29,000. AQR Capital Management LLC acquired a new stake in Hyliion during the second quarter worth about $40,000. Intech Investment Management LLC acquired a new stake in Hyliion during the third quarter worth about $77,000. The Manufacturers Life Insurance Company grew its holdings in Hyliion by 20.7% during the second quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock worth $94,000 after acquiring an additional 9,948 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Hyliion by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock worth $184,000 after purchasing an additional 8,580 shares in the last quarter. 22.81% of the stock is owned by institutional investors and hedge funds.
About Hyliion
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