BRIGHT VALLEY CAPITAL Ltd Purchases New Holdings in HUYA Inc. Sponsored ADR (NYSE:HUYA)

Key Points

• BRIGHT VALLEY CAPITAL Ltd acquired 287,400 shares of HUYA Inc. valued at approximately $923,000, making it the 10th largest holding in their portfolio.
• Other institutional investors, such as Bank of America and Monolith Management, increased their stakes in HUYA last quarter, with 23.20% of the stock now owned by institutional investors.
• HUYA reported earnings of $0.01 EPS for the last quarter, exceeding analysts' expectations, but with revenue of $207.20 million falling short of the anticipated $1.37 billion.

BRIGHT VALLEY CAPITAL Ltd purchased a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 287,400 shares of the company's stock, valued at approximately $923,000. HUYA accounts for approximately 0.3% of BRIGHT VALLEY CAPITAL Ltd's holdings, making the stock its 10th largest holding. BRIGHT VALLEY CAPITAL Ltd owned approximately 0.13% of HUYA as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in HUYA by 19.7% during the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company's stock worth $3,057,000 after purchasing an additional 164,112 shares during the last quarter. Amiral Gestion bought a new stake in HUYA during the fourth quarter worth $307,000. Jump Financial LLC bought a new position in shares of HUYA in the 4th quarter valued at $129,000. Monolith Management Ltd bought a new position in shares of HUYA in the 4th quarter valued at $2,144,000. Finally, Marshall Wace LLP lifted its stake in shares of HUYA by 145.4% in the 4th quarter. Marshall Wace LLP now owns 153,092 shares of the company's stock valued at $470,000 after acquiring an additional 90,714 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors.

HUYA Stock Performance

Shares of HUYA opened at $3.46 on Thursday. HUYA Inc. Sponsored ADR has a 52 week low of $2.21 and a 52 week high of $6.43. The stock has a market capitalization of $779.30 million, a price-to-earnings ratio of -38.44 and a beta of 0.82. The stock has a fifty day moving average of $3.39 and a 200-day moving average of $3.55.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. HUYA had a positive return on equity of 1.27% and a negative net margin of 2.45%. The company had revenue of $207.20 million during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the company earned $0.39 EPS. HUYA's revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

About HUYA

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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