HUYA (NYSE:HUYA) Sees Large Volume Increase After Dividend Announcement

Shares of HUYA Inc. (NYSE:HUYA) saw unusually-strong trading volume on Thursday after the company announced a dividend. Approximately 2,014,894 shares traded hands during trading, an increase of 34% from the previous session’s volume of 1,508,101 shares.The stock last traded at $3.30 and had previously closed at $3.46.

The newly announced dividend which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a $1.47 dividend. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio (DPR) is currently -4,900.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts 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. Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Six equities 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Price Performance

The firm has a market capitalization of $725.52 million, a PE ratio of -35.61 and a beta of 0.72. The company’s fifty day simple moving average is $3.71 and its 200 day simple moving average is $3.68.

HUYA (NYSE:HUYA) last released its quarterly earnings data 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 analysts’ expectations of $1.53 billion. During the same period last year, the company earned $0.48 earnings per share. HUYA’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently modified their holdings of HUYA. WCM Investment Management LLC lifted its holdings in shares of HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after buying an additional 2,790,696 shares in the last quarter. FMR LLC lifted its holdings in shares of HUYA by 236.8% in the third 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 in the last quarter. Monolith Management Ltd purchased a new stake in shares of HUYA in the fourth quarter worth about $2,144,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after buying an additional 302,988 shares in the last quarter. Finally, Caxton Associates LP lifted its holdings in shares of HUYA by 79.6% in the fourth quarter. Caxton Associates LP now owns 508,296 shares of the company’s stock worth $1,560,000 after buying an additional 225,341 shares in the last quarter. 23.20% of the stock is owned by hedge funds and other 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.