Millennium Management LLC Has $71,000 Position in HUYA Inc. Sponsored ADR (NYSE:HUYA)

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

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Monolith Management Ltd purchased a new stake in shares of HUYA during the fourth quarter worth $2,144,000. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 purchasing an additional 302,988 shares during the last quarter. Caxton Associates LP raised its stake in shares of HUYA by 79.6% during the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company's stock worth $1,560,000 after purchasing an additional 225,341 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 buying an additional 164,112 shares during the last quarter. Finally, Barclays PLC acquired a new stake in shares of HUYA during the 4th quarter valued at about $431,000. Hedge funds and other institutional investors own 23.20% of the company's stock.

HUYA Stock Performance

Shares of HUYA traded down $0.24 during trading hours on Tuesday, hitting $3.75. 2,665,622 shares of the company were exchanged, compared to its average volume of 1,590,986. The company has a market cap of $845.06 million, a PE ratio of -53.59 and a beta of 0.82. The firm's 50 day moving average is $3.66 and its 200-day moving average is $3.52. HUYA Inc. Sponsored ADR has a 52 week low of $2.82 and a 52 week high of $6.43.

HUYA (NYSE:HUYA - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. HUYA had a positive return on equity of 1.82% and a negative net margin of 1.90%. The firm had revenue of $207.20 million during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company's revenue was up .3% on a year-over-year basis. As a group, equities analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Investors 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.

Analysts Set New Price Targets

A number of research firms recently commented on HUYA. Daiwa America downgraded HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Daiwa Capital Markets downgraded shares of HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.