Traders Buy Large Volume of HUYA Put Options (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 10,866 put options on the stock. This is an increase of 360% compared to the typical daily volume of 2,363 put options.

Institutional Trading of HUYA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amiral Gestion bought a new stake in shares of HUYA in the 4th quarter valued at about $307,000. Formidable Asset Management LLC boosted its stake in shares of HUYA by 7.2% in the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock valued at $332,000 after purchasing an additional 7,300 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of HUYA by 2.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock valued at $439,000 after purchasing an additional 3,545 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of HUYA during the fourth quarter worth $516,000. Finally, D. E. Shaw & Co. Inc. raised its stake in HUYA by 10.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company's stock worth $824,000 after buying an additional 25,521 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

HUYA Trading Down 5.0 %

HUYA stock traded down $0.16 during mid-day trading on Tuesday, reaching $2.96. The company had a trading volume of 2,435,539 shares, compared to its average volume of 1,647,843. The business has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $3.61. The company has a market cap of $668.93 million, a P/E ratio of -32.66 and a beta of 0.73. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84.

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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). 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 the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company's revenue was down 2.2% on a year-over-year basis. Research analysts forecast that HUYA will post 0.16 EPS for the current year.

HUYA Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HUYA shares. Daiwa America downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Daiwa Capital Markets downgraded HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Six 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, HUYA has a consensus rating of "Hold" and a consensus target price of $5.68.

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.