Stock Traders Purchase Large Volume of Put Options on HUYA (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) saw some unusual options trading activity on Thursday. Investors acquired 10,866 put options on the company. This represents an increase of approximately 360% compared to the average volume of 2,363 put options.

HUYA Trading Down 4.3 %

Shares of HUYA stock opened at $3.15 on Friday. The company has a fifty day moving average price of $3.72 and a 200 day moving average price of $3.62. HUYA has a twelve month low of $2.82 and a twelve month high of $6.84. The stock has a market cap of $713.07 million, a price-to-earnings ratio of -35.00 and a beta of 0.73.

HUYA (NYSE:HUYA) last posted its earnings results 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). The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Analysts forecast that HUYA will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio is currently -4,766.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HUYA. Daiwa America downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HUYA. Two Sigma Securities LLC acquired a new position in HUYA in the 4th quarter worth $43,000. XTX Topco Ltd purchased a new stake in shares of HUYA during the third quarter worth about $90,000. Smith Anglin Financial LLC lifted its stake in shares of HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after acquiring an additional 4,002 shares in the last quarter. Quantbot Technologies LP boosted its holdings in HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in HUYA during the 4th quarter valued at approximately $94,000. 23.20% of the stock is currently owned by hedge funds and other 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.