Monolith Management Ltd Purchases New Position in HUYA Inc. (NYSE:HUYA)

Monolith Management Ltd bought a new stake in HUYA Inc. (NYSE:HUYA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 698,412 shares of the company's stock, valued at approximately $2,144,000. HUYA comprises 1.1% of Monolith Management Ltd's holdings, making the stock its 21st biggest holding. Monolith Management Ltd owned approximately 0.31% of HUYA at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smith Anglin Financial LLC boosted its holdings in HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock valued at $56,000 after purchasing an additional 4,002 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in HUYA by 27.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock valued at $195,000 after purchasing an additional 13,544 shares during the period. Sei Investments Co. bought a new stake in HUYA in the 4th quarter valued at $94,000. Jump Financial LLC bought a new stake in HUYA in the 4th quarter valued at $129,000. Finally, Vontobel Holding Ltd. bought a new stake in HUYA in the 4th quarter valued at $140,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HUYA. Daiwa Capital Markets downgraded shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.68.

HUYA Stock Performance

Shares of NYSE:HUYA traded up $0.06 during midday trading on Monday, reaching $3.54. 992,436 shares of the company's stock were exchanged, compared to its average volume of 1,689,359. The company's 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.41. The firm has a market capitalization of $801.36 million, a PE ratio of -39.33 and a beta of 0.73. HUYA Inc. has a 12 month low of $2.82 and a 12 month high of $6.84.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business 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%. HUYA's revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. On average, research analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

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

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.