Caxton Associates LLP Purchases New Holdings in HUYA Inc. Sponsored ADR $HUYA

Key Points

• Caxton Associates LLP has acquired a new position in HUYA Inc., purchasing 393,839 shares valued at approximately $1.26 million, representing 0.17% ownership of the company.
• Other institutional investors have increased their stakes in HUYA, with significant purchases from BRIGHT VALLEY CAPITAL Ltd and Connor Clark & Lunn Investment Management Ltd. during the first quarter.
• HUYA Inc. has a market capitalization of $783.80 million, with a 12-month stock price range between $2.21 and $6.43.

Caxton Associates LLP bought a new position in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 393,839 shares of the company's stock, valued at approximately $1,264,000. Caxton Associates LLP owned approximately 0.17% of HUYA as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in HUYA by 10.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock worth $497,000 after buying an additional 14,456 shares in the last quarter. Vident Advisory LLC raised its stake in shares of HUYA by 39.5% in the first quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock valued at $57,000 after acquiring an additional 4,993 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of HUYA in the first quarter valued at $325,000. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of HUYA in the first quarter valued at $923,000. Finally, Nuveen LLC acquired a new stake in shares of HUYA in the first quarter valued at $220,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Price Performance

Shares of HUYA traded up $0.07 during midday trading on Friday, reaching $3.51. 1,571,791 shares of the stock were exchanged, compared to its average volume of 1,454,106. The business's 50-day moving average price is $3.31 and its 200 day moving average price is $3.50. HUYA Inc. Sponsored ADR has a twelve month low of $2.21 and a twelve month high of $6.43. The company has a market capitalization of $780.45 million, a price-to-earnings ratio of -39.00 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded HUYA to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4.57.

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.