HUYA (NYSE:HUYA) Downgraded by Daiwa America to “Hold”

Daiwa America downgraded shares of HUYA (NYSE:HUYA) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Separately, Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Price Performance

Shares of NYSE HUYA opened at $3.21 on Tuesday. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84. The firm has a market capitalization of $725.52 million, a P/E ratio of -35.61 and a beta of 0.72. The company’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $3.68.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue was down 2.2% on a year-over-year basis. Sell-side analysts expect that HUYA will post 0.16 EPS for the current fiscal year.

HUYA Dividend Announcement

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 dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s payout ratio is presently -4,900.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HUYA. Vontobel Holding Ltd. acquired a new stake in shares of HUYA during the fourth quarter worth about $140,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in HUYA during the 4th quarter worth approximately $371,000. FMR LLC raised its holdings in HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares during the period. WCM Investment Management LLC lifted its stake in HUYA by 4,396.5% in the fourth 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 in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of HUYA in the third quarter valued at approximately $90,000. 23.20% of the stock is currently owned by institutional investors.

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.