WCM Investment Management LLC Sells 1,812,915 Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA)

WCM Investment Management LLC lowered its position in HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) by 63.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,041,256 shares of the company's stock after selling 1,812,915 shares during the quarter. WCM Investment Management LLC owned about 0.46% of HUYA worth $3,384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Two Sigma Securities LLC purchased a new stake in HUYA in the 4th quarter worth about $43,000. Sei Investments Co. bought a new position in shares of HUYA during the fourth quarter valued at approximately $94,000. Jump Financial LLC purchased a new stake in shares of HUYA in the fourth quarter worth approximately $129,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of HUYA by 27.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock worth $195,000 after acquiring an additional 13,544 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of HUYA during the 4th quarter worth approximately $282,000. Institutional investors own 23.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HUYA. Daiwa America downgraded HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Daiwa Capital Markets cut shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.57.

HUYA Stock Up 5.6%

HUYA opened at $2.45 on Thursday. The stock's fifty day moving average is $3.70 and its two-hundred day moving average is $3.54. The company has a market capitalization of $551.81 million, a P/E ratio of -35.00 and a beta of 0.89. HUYA Inc. Sponsored ADR has a 52 week low of $2.21 and a 52 week high of $6.43.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The business's revenue for the quarter was up .3% on a year-over-year basis. Equities analysts anticipate that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current year.

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.

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