Arrowstreet Capital Limited Partnership Has $1.04 Million Holdings in HUYA Inc. (NYSE:HUYA)

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of HUYA Inc. (NYSE:HUYA) by 77.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,888 shares of the company’s stock after selling 1,172,841 shares during the period. Arrowstreet Capital Limited Partnership owned 0.15% of HUYA worth $1,043,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HUYA. Norges Bank acquired a new stake in shares of HUYA in the fourth quarter valued at $282,000. Sei Investments Co. bought a new position in shares of HUYA in the fourth quarter worth about $94,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of HUYA by 27.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company’s stock worth $195,000 after purchasing an additional 13,544 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 purchasing an additional 302,988 shares during the last quarter. Finally, E Fund Management Co. Ltd. acquired a new stake in shares of HUYA in the fourth quarter valued at approximately $371,000. Institutional investors own 23.20% of the company’s stock.

HUYA Stock Up 2.3 %

Shares of HUYA stock opened at $3.14 on Friday. The business has a fifty day simple moving average of $3.63 and a 200 day simple moving average of $3.56. The stock has a market cap of $711.03 million, a PE ratio of -34.90 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) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. HUYA’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Analysts expect that HUYA Inc. will post 0.16 EPS for the current fiscal year.

HUYA Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s dividend payout ratio (DPR) is presently -4,766.67%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HUYA shares. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 18th. Daiwa America lowered 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, the company presently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA 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.