HUYA (NYSE:HUYA) Trading 4% Higher – Here’s What Happened

Shares of HUYA Inc. (NYSE:HUYA) traded up 4% during trading on Wednesday . The stock traded as high as $3.75 and last traded at $3.80. 474,302 shares changed hands during trading, a decline of 71% from the average session volume of 1,622,471 shares. The stock had previously closed at $3.65.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, HUYA presently has an average rating of “Hold” and an average target price of $4.57.

HUYA Trading Up 6.4%

The firm has a market cap of $875.03 million, a P/E ratio of -43.17 and a beta of 0.81. The company’s 50 day simple moving average is $3.45 and its 200-day simple moving average is $3.43.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $1.37 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. On average, sell-side analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio is currently -2,042.86%.

Hedge Funds Weigh In On HUYA

Several hedge funds and other institutional investors have recently bought and sold shares of HUYA. Acadian Asset Management LLC boosted its holdings in shares of HUYA by 0.9% in the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company’s stock worth $9,835,000 after buying an additional 27,582 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after buying an additional 2,790,696 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of HUYA by 35.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,025,897 shares of the company’s stock worth $3,293,000 after buying an additional 267,616 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of HUYA by 19.7% in the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after buying an additional 164,112 shares during the last quarter. Finally, Monolith Management Ltd purchased a new position in shares of HUYA in the fourth quarter worth approximately $2,144,000. Institutional investors own 23.20% of the company’s stock.

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.