HUYA (NYSE:HUYA) Trading Down 9.4% on Disappointing Earnings

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) fell 9.4% during mid-day trading on Wednesday following a dissappointing earnings announcement. The company traded as low as $3.40 and last traded at $3.36. 2,006,356 shares changed hands during trading, an increase of 31% from the average session volume of 1,526,927 shares. The stock had previously closed at $3.71.

The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.50 billion during 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 business's revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 EPS.

HUYA Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.47 dividend. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA's dividend payout ratio is -4,900.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HUYA. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.68.

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Institutional Trading of HUYA

Several hedge funds and other institutional investors have recently modified their holdings of HUYA. WCM Investment Management LLC grew its stake in HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after acquiring an additional 2,790,696 shares in the last quarter. FMR LLC grew its stake in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company's stock valued at $12,199,000 after acquiring an additional 1,681,800 shares in the last quarter. Bank of America Corp DE grew its stake in HUYA by 19.7% during the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company's stock valued at $3,057,000 after acquiring an additional 164,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 acquiring an additional 302,988 shares in the last quarter. Finally, Monolith Management Ltd purchased a new position in HUYA during the fourth quarter valued at approximately $2,144,000. Institutional investors own 23.20% of the company's stock.

HUYA Price Performance

The firm's 50 day moving average is $3.72 and its 200 day moving average is $3.67. The company has a market cap of $726.88 million, a PE ratio of -35.68 and a beta of 0.72.

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.