Stock Traders Buy High Volume of Put Options on HUYA (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 47,561 put options on the company. This is an increase of approximately 6,543% compared to the typical volume of 716 put options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in HUYA by 146.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock valued at $2,322,000 after purchasing an additional 270,701 shares in the last quarter. Seldon Capital LP acquired a new stake in shares of HUYA during the third quarter worth approximately $51,000. FMR LLC raised its holdings in HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after acquiring an additional 1,681,800 shares in the last quarter. Quantbot Technologies LP boosted its stake in HUYA by 18.9% during the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after acquiring an additional 3,685 shares during the last quarter. Finally, Athos Capital Ltd grew its holdings in HUYA by 9.5% during the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock worth $649,000 after acquiring an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Daiwa America cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Stock Performance

HUYA stock opened at $3.21 on Friday. HUYA has a one year low of $2.82 and a one year high of $6.84. The stock’s 50 day moving average price is $3.71 and its 200 day moving average price is $3.68. The firm has a market capitalization of $725.52 million, a PE ratio of -35.61 and a beta of 0.72.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, analysts forecast that HUYA will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio is presently -4,900.00%.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.