AdvisorShares Investments LLC Purchases Shares of 124,500 HUYA Inc. (NYSE:HUYA)

AdvisorShares Investments LLC purchased a new stake in HUYA Inc. (NYSE:HUYA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 124,500 shares of the company's stock, valued at approximately $382,000. AdvisorShares Investments LLC owned 0.05% of HUYA at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HUYA. WCM Investment Management LLC lifted its position in shares of HUYA by 4,396.5% during the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after acquiring an additional 2,790,696 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock worth $2,328,000 after purchasing an additional 302,988 shares during the period. Monolith Management Ltd acquired a new position in HUYA in the fourth quarter valued at about $2,144,000. Northern Trust Corp lifted its position in HUYA by 53.7% during the fourth quarter. Northern Trust Corp now owns 164,759 shares of the company's stock worth $506,000 after purchasing an additional 57,553 shares during the period. Finally, Marshall Wace LLP lifted its position in HUYA by 145.4% during the fourth quarter. Marshall Wace LLP now owns 153,092 shares of the company's stock worth $470,000 after purchasing an additional 90,714 shares during the period. Institutional investors and hedge funds own 23.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America cut shares of HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $5.68.

HUYA Stock Performance

Shares of HUYA stock traded up $0.01 during midday trading on Monday, hitting $3.82. 353,705 shares of the company traded hands, compared to its average volume of 1,692,140. The firm's fifty day moving average price is $3.54 and its 200-day moving average price is $3.41. The stock has a market cap of $859.26 million, a price-to-earnings ratio of -42.39 and a beta of 0.81. HUYA Inc. has a 12 month low of $2.82 and a 12 month high of $6.84.

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

HUYA Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA's dividend payout ratio is presently -4,766.67%.

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.