Hyliion Holdings Corp. (NYSE:HYLN – Free Report) – Stock analysts at Northland Capmk cut their FY2024 earnings estimates for Hyliion in a research note issued to investors on Tuesday, May 7th. Northland Capmk analyst D. Schafer now forecasts that the company will post earnings of ($0.33) per share for the year, down from their prior forecast of ($0.26). The consensus estimate for Hyliion’s current full-year earnings is ($0.26) per share.
Hyliion (NYSE:HYLN – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Hyliion had a negative return on equity of 29.69% and a negative net margin of 7,004.36%. During the same period last year, the business earned ($0.16) EPS.
Hyliion Price Performance
Institutional Trading of Hyliion
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Hyliion in the third quarter valued at approximately $146,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Hyliion by 7.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 362,005 shares of the company’s stock valued at $427,000 after acquiring an additional 25,781 shares during the last quarter. Institutional & Family Asset Management LLC lifted its holdings in shares of Hyliion by 2,565.7% during the third quarter. Institutional & Family Asset Management LLC now owns 54,620 shares of the company’s stock worth $64,000 after purchasing an additional 52,571 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Hyliion by 17.2% in the third quarter. GSA Capital Partners LLP now owns 712,672 shares of the company’s stock valued at $841,000 after purchasing an additional 104,648 shares during the period. Institutional investors own 22.81% of the company’s stock.
Hyliion Company Profile
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