Arrowstreet Capital Limited Partnership Raises Stock Position in Tuya Inc. (NYSE:TUYA)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 497.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,144,103 shares of the company's stock after purchasing an additional 1,784,940 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.40% of Tuya worth $3,838,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA grew its stake in shares of Tuya by 188.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 292,601 shares of the company's stock valued at $524,000 after buying an additional 191,085 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Tuya during the 4th quarter valued at about $139,000. Sei Investments Co. grew its position in Tuya by 37.5% during the 4th quarter. Sei Investments Co. now owns 58,726 shares of the company's stock worth $105,000 after acquiring an additional 16,010 shares during the last quarter. Virtu Financial LLC purchased a new position in Tuya in the 4th quarter worth approximately $40,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tuya by 157.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after purchasing an additional 17,877 shares during the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.

Tuya Stock Up 4.2 %

Shares of Tuya stock traded up $0.09 on Monday, hitting $2.11. The stock had a trading volume of 277,418 shares, compared to its average volume of 1,592,884. Tuya Inc. has a one year low of $1.28 and a one year high of $4.63. The stock's 50-day simple moving average is $3.23 and its two-hundred day simple moving average is $2.28. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -69.63 and a beta of 0.43.

Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The firm had revenue of $82.06 million during the quarter, compared to the consensus estimate of $81.40 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.0608 per share. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. Tuya's payout ratio is 400.00%.

Tuya Company Profile

Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.