Bank of America Corp DE raised its position in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 995,747 shares of the company's stock after purchasing an additional 164,112 shares during the period. Bank of America Corp DE owned about 0.44% of HUYA worth $3,057,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC lifted its position in shares of HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the period. Monolith Management Ltd purchased a new position in shares of HUYA in the 4th quarter valued at $2,144,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of HUYA by 66.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock worth $2,328,000 after acquiring an additional 302,988 shares in the last quarter. Barclays PLC purchased a new stake in shares of HUYA during the 4th quarter worth $431,000. Finally, AdvisorShares Investments LLC purchased a new stake in shares of HUYA during the 4th quarter worth $382,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Daiwa Capital Markets downgraded shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.57.
Get Our Latest Stock Analysis on HUYA
HUYA Price Performance
HUYA stock traded up $0.12 during midday trading on Wednesday, reaching $3.93. The company's stock had a trading volume of 816,563 shares, compared to its average volume of 1,602,928. The stock has a market capitalization of $885.16 million, a P/E ratio of -43.67 and a beta of 0.81. The stock's 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.46. HUYA Inc. has a 52-week low of $2.82 and a 52-week high of $6.43.
HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $1.37 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, equities research analysts expect that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.
HUYA Announces Dividend
The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA's dividend payout ratio is currently -2,042.86%.
HUYA Company Profile
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Free Report)
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.
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