Avantax Advisory Services Inc. Reduces Stake in Hyliion Holdings Corp. (NYSE:HYLN)

Avantax Advisory Services Inc. lowered its stake in shares of Hyliion Holdings Corp. (NYSE:HYLN) by 18.7% in the 4th quarter, HoldingsChannel reports. The firm owned 38,335 shares of the company’s stock after selling 8,801 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Hyliion were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Hyliion in the fourth quarter worth $43,000. XTX Topco Ltd bought a new position in shares of Hyliion during the 3rd quarter worth $60,000. Intech Investment Management LLC purchased a new stake in Hyliion in the 3rd quarter worth about $77,000. Verition Fund Management LLC raised its stake in Hyliion by 52.9% in the 3rd quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock valued at $84,000 after acquiring an additional 11,653 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Hyliion by 118.9% during the fourth quarter. SG Americas Securities LLC now owns 57,814 shares of the company’s stock valued at $151,000 after purchasing an additional 31,408 shares during the last quarter. Institutional investors own 22.81% of the company’s stock.

Hyliion Stock Down 1.9 %

Shares of NYSE:HYLN opened at $1.52 on Friday. The company has a 50-day moving average price of $1.93 and a two-hundred day moving average price of $2.39. Hyliion Holdings Corp. has a twelve month low of $1.21 and a twelve month high of $4.10. The firm has a market capitalization of $265.73 million, a PE ratio of -4.11 and a beta of 2.24.

About Hyliion