HUYA (NYSE:HUYA) Cut to “Hold” at Daiwa America

Daiwa America cut shares of HUYA (NYSE:HUYA) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Separately, Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.68.

HUYA Price Performance

Shares of HUYA stock opened at $3.21 on Tuesday. The stock’s fifty day simple moving average is $3.71 and its 200 day simple moving average is $3.68. HUYA has a one year low of $2.82 and a one year high of $6.84. The firm has a market cap of $725.52 million, a price-to-earnings ratio of -35.61 and a beta of 0.72.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, research analysts anticipate that HUYA will post 0.16 earnings per share for the current year.

HUYA Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio is currently -4,900.00%.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently modified their holdings of HUYA. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of HUYA by 146.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock valued at $2,322,000 after purchasing an additional 270,701 shares during the last quarter. Seldon Capital LP acquired a new position in HUYA during the 3rd quarter worth $51,000. FMR LLC boosted its position in HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Quantbot Technologies LP boosted its position in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after buying an additional 3,685 shares during the last quarter. Finally, Athos Capital Ltd increased its stake in shares of HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after buying an additional 11,000 shares during the period. 23.20% of the stock is owned by institutional investors.

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.