Acadian Asset Management LLC Sells 143,755 Shares of DouYu International Holdings Limited (NASDAQ:DOYU)

Acadian Asset Management LLC reduced its holdings in shares of DouYu International Holdings Limited (NASDAQ:DOYU) by 62.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,008 shares of the company’s stock after selling 143,755 shares during the quarter. Acadian Asset Management LLC owned approximately 0.27% of DouYu International worth $942,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DOYU. BNP Paribas Financial Markets bought a new stake in DouYu International during the first quarter worth $34,000. Russell Investments Group Ltd. lifted its holdings in DouYu International by 26.6% during the fourth quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after acquiring an additional 32,857 shares during the period. BRIGHT VALLEY CAPITAL Ltd bought a new stake in DouYu International during the fourth quarter worth $2,006,000. Polunin Capital Partners Ltd bought a new stake in shares of DouYu International in the second quarter valued at $3,526,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of DouYu International in the first quarter valued at $3,750,000. 17.86% of the stock is currently owned by institutional investors.

DouYu International Stock Performance

NASDAQ:DOYU opened at $7.91 on Tuesday. DouYu International Holdings Limited has a 52-week low of $6.29 and a 52-week high of $20.17. The firm has a market cap of $250.24 million, a price-to-earnings ratio of -20.82 and a beta of 0.95. The business’s fifty day moving average is $15.71 and its 200 day moving average is $11.56.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%. The company had revenue of $142.01 million for the quarter.

Wall Street Analyst Weigh In

DOYU has been the topic of several research reports. Hsbc Global Res upgraded DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 target price on the stock in a research note on Wednesday, July 3rd. Finally, Citigroup lowered their target price on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research note on Friday, June 7th.

About DouYu International

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.