168,211 Shares in HUYA Inc. (NYSE:HUYA) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new stake in HUYA Inc. (NYSE:HUYA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 168,211 shares of the company's stock, valued at approximately $516,000. Point72 Hong Kong Ltd owned 0.07% of HUYA at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 valued at $8,505,000 after acquiring an additional 2,790,696 shares during the period. Bank of America Corp DE increased its position 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 valued at $3,057,000 after buying an additional 164,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in HUYA by 66.5% during the 4th 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 in the last quarter. Monolith Management Ltd acquired a new stake in HUYA in the 4th quarter worth about $2,144,000. Finally, Caxton Associates LP lifted its stake in shares of HUYA by 79.6% in the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company's stock valued at $1,560,000 after purchasing an additional 225,341 shares in the last quarter. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HUYA shares. Daiwa Capital Markets lowered HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Daiwa America lowered HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.57.

HUYA Price Performance

NYSE:HUYA traded up $0.06 during trading hours on Thursday, reaching $3.67. 281,195 shares of the company were exchanged, compared to its average volume of 1,629,075. The business has a 50 day moving average of $3.45 and a 200 day moving average of $3.42. HUYA Inc. has a 1-year low of $2.82 and a 1-year high of $6.43. The company has a market capitalization of $825.48 million, a P/E ratio of -40.72 and a beta of 0.81.

HUYA (NYSE:HUYA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $1.37 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. As a group, equities research analysts anticipate that HUYA Inc. 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. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%. HUYA's payout ratio is -2,042.86%.

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.