HUYA (NYSE:HUYA) Given Sell (D-) Rating at Weiss Ratings

Key Points

• HUYA has been rated with a "sell (D-)" by Weiss Ratings, marking a negative outlook from the investment analysts.
• Despite the sell rating, Zacks Research upgraded HUYA's stock to a "hold" rating, contributing to a consensus rating of "hold" with an average price target of $4.57.
• Institutional investors have shown increased interest, with significant stake increases from firms like Loomis Sayles & Co. and Vident Advisory LLC, indicating a potentially positive movement in the stock among institutional investors.

HUYA (NYSE:HUYA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research raised shares of HUYA to a "hold" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.57.

HUYA Stock Down 1.5%

Shares of HUYA stock opened at $3.19 on Wednesday. The company's fifty day simple moving average is $3.39 and its 200-day simple moving average is $3.43. The firm has a market cap of $709.30 million, a PE ratio of -35.44 and a beta of 0.69. HUYA has a 12 month low of $2.21 and a 12 month high of $4.59.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC increased its holdings in HUYA by 39.5% during the first quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock worth $57,000 after buying an additional 4,993 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock worth $36,000 after buying an additional 7,867 shares during the last quarter. Formidable Asset Management LLC increased its holdings in HUYA by 8.8% during the first quarter. Formidable Asset Management LLC now owns 117,500 shares of the company's stock worth $377,000 after buying an additional 9,500 shares during the last quarter. National Bank of Canada FI acquired a new position in HUYA during the first quarter worth $32,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock worth $497,000 after buying an additional 14,456 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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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