Millennium Management LLC Sells 174,197 Shares of HUYA Inc. (NYSE:HUYA)

Millennium Management LLC cut its position in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 88.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,038 shares of the company's stock after selling 174,197 shares during the period. Millennium Management LLC's holdings in HUYA were worth $71,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. bought a new stake in shares of HUYA during the fourth quarter valued at approximately $140,000. Bank of America Corp DE increased its position in shares of HUYA by 19.7% during the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company's stock valued at $3,057,000 after purchasing an additional 164,112 shares during the period. Norges Bank bought a new stake in shares of HUYA during the fourth quarter valued at approximately $282,000. E Fund Management Co. Ltd. bought a new stake in HUYA in the fourth quarter valued at $371,000. Finally, Jump Financial LLC bought a new stake in HUYA in the fourth quarter valued at $129,000. 23.20% of the stock is currently owned by institutional investors.

HUYA Stock Down 2.6%

NYSE:HUYA traded down $0.11 during trading hours on Friday, reaching $3.89. The company had a trading volume of 1,341,946 shares, compared to its average volume of 1,584,850. The stock has a 50-day moving average of $3.63 and a two-hundred day moving average of $3.51. HUYA Inc. has a one year low of $2.82 and a one year high of $6.43. The firm has a market capitalization of $875.03 million, a PE ratio of -43.17 and a beta of 0.82.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm 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 business's revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, sell-side analysts expect that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. This represents a dividend yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA's payout ratio is presently -2,042.86%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Daiwa America cut HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Daiwa Capital Markets cut HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Five equities 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.com, the company has a consensus rating of "Hold" and a consensus price target of $4.57.

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.