Central Asset Investments & Management Holdings HK Ltd Acquires Shares of 12,000 HUYA Inc. (NYSE:HUYA)

Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of HUYA Inc. (NYSE:HUYA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,000 shares of the company’s stock, valued at approximately $61,000.

Other institutional investors have also modified their holdings of the company. Smith Anglin Financial LLC bought a new position in shares of HUYA during the third quarter worth about $73,000. Bayesian Capital Management LP lifted its holdings in HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after buying an additional 3,500 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of HUYA in the 2nd quarter worth approximately $205,000. Commonwealth Equity Services LLC bought a new stake in shares of HUYA in the 2nd quarter valued at approximately $291,000. Finally, Sei Investments Co. raised its position in shares of HUYA by 432.5% during the 2nd quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock valued at $305,000 after acquiring an additional 62,753 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Stock Performance

Shares of HUYA stock opened at $3.07 on Friday. The stock has a market cap of $714.39 million, a PE ratio of -34.06 and a beta of 0.62. The business’s fifty day moving average is $4.05 and its 200-day moving average is $4.35. HUYA Inc. has a 1 year low of $2.92 and a 1 year high of $6.84.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.04 by $0.30. The business had revenue of $1.54 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 0.29%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share. Equities research analysts predict that HUYA Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. HSBC reiterated a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Finally, Citigroup dropped their target price on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, HUYA has a consensus rating of “Hold” and an average price target of $5.68.

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.