Two Sigma Investments LP Sells 290,530 Shares of HUYA Inc. (NYSE:HUYA)

Two Sigma Investments LP reduced its holdings in HUYA Inc. (NYSE:HUYA - Free Report) by 79.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,524 shares of the company's stock after selling 290,530 shares during the period. Two Sigma Investments LP's holdings in HUYA were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new stake in HUYA in the 4th quarter worth about $43,000. Sei Investments Co. acquired a new stake in HUYA during the fourth quarter valued at $94,000. Jump Financial LLC acquired a new stake in HUYA during the fourth quarter valued at $129,000. Vontobel Holding Ltd. acquired a new stake in HUYA during the fourth quarter valued at $140,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in HUYA by 27.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock valued at $195,000 after purchasing an additional 13,544 shares during the last quarter. 23.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.57.

HUYA Stock Down 2.6%

Shares of NYSE:HUYA traded down $0.11 on Friday, reaching $3.89. The company had a trading volume of 1,341,946 shares, compared to its average volume of 1,582,960. HUYA Inc. has a twelve month low of $2.82 and a twelve month high of $6.43. The stock has a 50-day moving average price of $3.63 and a 200 day moving average price of $3.51. The stock has a market capitalization of $875.03 million, a P/E 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, topping analysts' consensus estimates of ($0.01) by $0.02. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $207.20 million during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business's quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. 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.