Hyliion Holdings Corp. (NYSE:HYLN – Free Report) – Stock analysts at Northland Capmk lifted their Q3 2024 earnings estimates for Hyliion in a research report issued on Monday, August 12th. Northland Capmk analyst D. Schafer now forecasts that the company will post earnings per share of ($0.07) for the quarter, up from their previous forecast of ($0.08). The consensus estimate for Hyliion’s current full-year earnings is ($0.33) per share. Northland Capmk also issued estimates for Hyliion’s Q4 2024 earnings at ($0.07) EPS and FY2024 earnings at ($0.29) EPS.
Separately, Northland Securities raised their price objective on shares of Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a report on Tuesday.
Hyliion Price Performance
Shares of HYLN opened at $2.00 on Thursday. Hyliion has a one year low of $0.52 and a one year high of $2.61. The company has a 50-day simple moving average of $1.85 and a two-hundred day simple moving average of $1.61. The firm has a market capitalization of $348.07 million, a PE ratio of -3.28 and a beta of 1.89.
Hedge Funds Weigh In On Hyliion
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Hyliion by 11.7% during the first quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after purchasing an additional 762,909 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Hyliion by 20.7% during the second quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company’s stock valued at $94,000 after purchasing an additional 9,948 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Hyliion during the second quarter valued at approximately $40,000. Millennium Management LLC increased its position in shares of Hyliion by 64.8% during the second quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock valued at $7,672,000 after acquiring an additional 1,861,497 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in shares of Hyliion during the second quarter valued at approximately $656,000. Institutional investors own 22.81% of the company’s stock.
Hyliion Company Profile
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