861,900 Shares in Hyliion Holdings Corp. $HYLN Acquired by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. bought a new position in shares of Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) during the 4th quarter, HoldingsChannel.com reports. The fund bought 861,900 shares of the company’s stock, valued at approximately $1,586,000.

A number of other hedge funds have also bought and sold shares of the stock. Osbon Capital Management LLC acquired a new stake in shares of Hyliion during the fourth quarter worth $51,000. Caitong International Asset Management Co. Ltd raised its stake in Hyliion by 8,348.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 20,107 shares of the company’s stock worth $37,000 after acquiring an additional 19,869 shares during the last quarter. Invesco Ltd. raised its stake in Hyliion by 76.3% in the 4th quarter. Invesco Ltd. now owns 6,253,598 shares of the company’s stock worth $11,507,000 after acquiring an additional 2,706,803 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Hyliion by 103.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 68,142 shares of the company’s stock worth $125,000 after acquiring an additional 34,645 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Hyliion during the 4th quarter worth about $93,000. Institutional investors and hedge funds own 22.81% of the company’s stock.

Hyliion Price Performance

Shares of Hyliion stock opened at $8.10 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of -27.00 and a beta of 3.43. The firm has a fifty day moving average price of $4.43 and a 200 day moving average price of $2.83. Hyliion Holdings Corp. has a 1 year low of $1.30 and a 1 year high of $8.49.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC began coverage on Hyliion in a report on Wednesday, June 10th. They issued a “buy” rating and a $9.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Hyliion has an average rating of “Moderate Buy” and a consensus target price of $7.00.

Hyliion Profile

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.