HUYA (NYSE:HUYA) Trading Up 3.5%

HUYA Inc. (NYSE:HUYA) shares shot up 3.5% on Friday . The stock traded as high as $4.43 and last traded at $4.43. 254,556 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,418,126 shares. The stock had previously closed at $4.28.

Analyst Ratings Changes

Separately, Citigroup raised HUYA from a “sell” rating to a “buy” rating and boosted their price target for the company from $2.40 to $6.00 in a research report on Wednesday, August 14th.

HUYA Price Performance

The firm has a 50-day simple moving average of $4.21 and a 200 day simple moving average of $4.48. The company has a market capitalization of $1.01 billion, a PE ratio of -42.75 and a beta of 0.59.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The company’s revenue was down 16.1% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. Equities research analysts expect that HUYA Inc. will post 0.17 EPS for the current fiscal year.

HUYA Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $1.06 per share. This is a boost from HUYA’s previous — dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 9th.

Hedge Funds Weigh In On HUYA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayesian Capital Management LP boosted its stake in shares of HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after buying an additional 3,500 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in HUYA in the first quarter valued at $222,000. Headlands Technologies LLC bought a new position in HUYA during the 2nd quarter valued at $205,000. Commonwealth Equity Services LLC bought a new position in HUYA during the 2nd quarter valued at $291,000. Finally, Sei Investments Co. grew its holdings in HUYA by 432.5% during the 2nd quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock worth $305,000 after acquiring an additional 62,753 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.