Stock Traders Buy Large Volume of Call Options on HUYA (NYSE:HUYA)

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) saw unusually large options trading activity on Monday. Stock traders bought 90,946 call options on the stock. This is an increase of 1,237% compared to the average daily volume of 6,802 call options.

HUYA Trading Up 5.6%

Shares of HUYA stock traded up $0.13 on Wednesday, reaching $2.45. The stock had a trading volume of 5,781,136 shares, compared to its average volume of 1,708,328. The business's 50 day moving average is $3.70 and its two-hundred day moving average is $3.54. HUYA has a 1 year low of $2.21 and a 1 year high of $6.43. The company has a market cap of $551.81 million, a P/E ratio of -35.00 and a beta of 0.89.

HUYA (NYSE:HUYA - Get Free Report) last posted its 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 negative net margin of 1.90% and a positive return on equity of 1.82%. The business had revenue of $207.20 million for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. HUYA's revenue was up .3% on a year-over-year basis. On average, equities analysts anticipate that HUYA will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Monolith Management Ltd bought a new stake in HUYA during the fourth quarter valued at $2,144,000. Caxton Associates LLP purchased a new stake in shares of HUYA in the 1st quarter valued at about $1,264,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of HUYA by 66.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock valued at $2,328,000 after acquiring an additional 302,988 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of HUYA during the first quarter worth about $923,000. Finally, Caxton Associates LP grew its holdings 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 purchasing an additional 225,341 shares in the last quarter. Institutional investors own 23.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HUYA. 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 HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.