Two Sigma Investments LP Trims Stake in HUYA Inc. (NYSE:HUYA)

Two Sigma Investments LP cut its holdings in HUYA Inc. (NYSE:HUYA - Free Report) by 79.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,524 shares of the company's stock after selling 290,530 shares during the quarter. Two Sigma Investments LP's holdings in HUYA were worth $235,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HUYA. Bank of America Corp DE increased its stake 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 worth $3,057,000 after acquiring an additional 164,112 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of HUYA by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock worth $2,328,000 after acquiring an additional 302,988 shares during the period. Monolith Management Ltd acquired a new position in shares of HUYA during the fourth quarter worth about $2,144,000. Caxton Associates LP increased its stake in shares of HUYA by 79.6% during the fourth quarter. Caxton Associates LP now owns 508,296 shares of the company's stock worth $1,560,000 after acquiring an additional 225,341 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of HUYA by 44.7% during the fourth quarter. BNP Paribas Financial Markets now owns 295,933 shares of the company's stock worth $909,000 after acquiring an additional 91,387 shares during the period. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Price Performance

Shares of HUYA stock traded down $0.11 during midday trading on Friday, reaching $3.89. 1,341,946 shares of the company traded hands, compared to its average volume of 1,584,850. The firm's 50 day simple moving average is $3.63 and its two-hundred day simple moving average is $3.51. HUYA Inc. has a 1-year low of $2.82 and a 1-year high of $6.43. The firm has a market cap of $875.03 million, a PE ratio of -43.17 and a beta of 0.82.

HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $0.39 EPS. The company's revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

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

Analyst Upgrades and Downgrades

HUYA has been the topic of a number of recent analyst reports. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 18th. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, HUYA currently has a consensus rating of "Hold" and a consensus price target of $4.57.

HUYA Company 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.