Arrowstreet Capital Limited Partnership Trims Stake in HUYA Inc. (NYSE:HUYA)

Arrowstreet Capital Limited Partnership lowered its stake in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 77.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,888 shares of the company's stock after selling 1,172,841 shares during the period. Arrowstreet Capital Limited Partnership owned 0.15% of HUYA worth $1,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of HUYA. WCM Investment Management LLC lifted its stake in shares of HUYA by 4,396.5% during the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of HUYA by 66.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock valued at $2,328,000 after buying an additional 302,988 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of HUYA in the 3rd quarter valued at about $711,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of HUYA in the 4th quarter worth approximately $371,000. Finally, E Fund Management Co. Ltd. bought a new position in shares of HUYA during the 4th quarter worth approximately $371,000. Institutional investors own 23.20% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on HUYA. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America downgraded HUYA from a "strong-buy" rating to a "hold" 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $5.68.

HUYA Trading Down 0.7 %

Shares of NYSE:HUYA traded down $0.03 on Thursday, hitting $3.32. 358,099 shares of the company were exchanged, compared to its average volume of 1,681,326. The stock's 50 day moving average price is $3.61 and its 200 day moving average price is $3.53. HUYA Inc. has a 1-year low of $2.82 and a 1-year high of $6.84. The firm has a market capitalization of $750.42 million, a P/E ratio of -36.77 and a beta of 0.73.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $0.48 EPS. The business's revenue was down 2.2% compared to the same quarter last year. On average, equities analysts predict that HUYA Inc. will post 0.16 EPS for the current fiscal year.

HUYA Dividend Announcement

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

HUYA 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.