Connor Clark & Lunn Investment Management Ltd. Grows Stake in HUYA Inc. (NYSE:HUYA)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of HUYA Inc. (NYSE:HUYA - Free Report) by 146.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 455,293 shares of the company's stock after purchasing an additional 270,701 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of HUYA worth $2,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bayesian Capital Management LP lifted its holdings in HUYA by 22.0% in the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company's stock worth $88,000 after purchasing an additional 3,500 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd boosted its position in HUYA by 1.9% during the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 4,505,355 shares of the company's stock worth $20,499,000 after acquiring an additional 82,214 shares during the last quarter. Polunin Capital Partners Ltd bought a new position in shares of HUYA in the 2nd quarter valued at about $5,166,000. Commonwealth Equity Services LLC bought a new stake in shares of HUYA in the second quarter valued at about $291,000. Finally, National Bank of Canada FI raised its position in HUYA by 985,316.7% during the second quarter. National Bank of Canada FI now owns 236,500 shares of the company's stock valued at $974,000 after purchasing an additional 236,476 shares in the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUYA has been the topic of a number of research analyst reports. HSBC reissued a "hold" rating and issued a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Citigroup reduced their price objective on shares of HUYA from $5.90 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Hsbc Global Res lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Finally, Bank of America lowered shares of HUYA from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, HUYA presently has a consensus rating of "Hold" and an average price target of $5.68.

HUYA Price Performance

Shares of NYSE HUYA traded down $0.03 during midday trading on Tuesday, reaching $2.95. 946,229 shares of the stock were exchanged, compared to its average volume of 1,561,083. The business has a 50-day simple moving average of $3.94 and a two-hundred day simple moving average of $4.28. HUYA Inc. has a 12 month low of $2.89 and a 12 month high of $6.84. The company has a market capitalization of $687.59 million, a price-to-earnings ratio of -32.78 and a beta of 0.62.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business earned $0.05 EPS. The company's quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts expect that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

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.