HUYA Inc. (NYSE:HUYA) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,795,720 shares of the company's stock after selling 1,668,124 shares during the period. Nuveen Asset Management LLC owned approximately 3.00% of HUYA worth $20,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. raised its stake in HUYA by 10.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company's stock valued at $824,000 after acquiring an additional 25,521 shares during the last quarter. Caxton Associates LP raised its stake in HUYA by 79.6% during the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company's stock valued at $1,560,000 after acquiring an additional 225,341 shares during the last quarter. Bank of America Corp DE raised its stake in HUYA by 19.7% during the 4th quarter. Bank of America Corp DE now owns 995,747 shares of the company's stock valued at $3,057,000 after acquiring an additional 164,112 shares during the last quarter. BNP Paribas Financial Markets raised its stake in HUYA by 44.7% during the 4th quarter. BNP Paribas Financial Markets now owns 295,933 shares of the company's stock valued at $909,000 after acquiring an additional 91,387 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in HUYA during the 4th quarter valued at approximately $382,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

HUYA Stock Down 0.9%

Shares of HUYA traded down $0.04 on Thursday, reaching $3.83. The stock had a trading volume of 222,312 shares, compared to its average volume of 1,797,447. The firm has a market capitalization of $861.51 million, a PE ratio of -42.50 and a beta of 0.81. The firm has a 50-day moving average of $3.46 and a 200 day moving average of $3.44. HUYA Inc. has a twelve month low of $2.82 and a twelve month high of $6.43.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $207.20 million for the quarter, compared to analysts' expectations of $1.37 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, sell-side analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.47 dividend. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA's dividend payout ratio is currently -2,042.86%.

HUYA 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.