HUYA (NYSE:HUYA) Cut to Hold at Daiwa America

HUYA (NYSE:HUYA - Get Free Report) was downgraded by Daiwa America from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Daiwa Capital Markets cut shares of HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.68.

HUYA Trading Up 4.5 %

NYSE:HUYA traded up $0.15 on Tuesday, hitting $3.36. The company had a trading volume of 3,659,469 shares, compared to its average volume of 1,540,058. The firm has a 50 day moving average of $3.73 and a two-hundred day moving average of $3.66. The stock has a market capitalization of $759.48 million, a price-to-earnings ratio of -37.28 and a beta of 0.72. HUYA has a 52 week low of $2.82 and a 52 week high of $6.84.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company's revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, equities analysts forecast that HUYA will post 0.16 EPS for the current year.

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Institutional Investors Weigh In On HUYA

A number of hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. acquired a new position in HUYA during the fourth quarter worth $140,000. E Fund Management Hong Kong Co. Ltd. bought a new position in HUYA in the 4th quarter valued at about $371,000. FMR LLC boosted its stake in HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company's stock valued at $12,199,000 after purchasing an additional 1,681,800 shares during the last quarter. WCM Investment Management LLC raised its position in HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after buying an additional 2,790,696 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of HUYA in the 3rd quarter worth $90,000. Institutional investors and hedge funds own 23.20% of the company's stock.

About HUYA

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.