Point72 Hong Kong Ltd Sells 5,618,524 Shares of HUYA Inc. (NYSE:HUYA)

Point72 Hong Kong Ltd trimmed its holdings in shares of HUYA Inc. (NYSE:HUYA) by 83.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,091,199 shares of the company’s stock after selling 5,618,524 shares during the period. Point72 Hong Kong Ltd’s holdings in HUYA were worth $4,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC boosted its holdings in HUYA by 45.0% during the 1st quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock valued at $2,393,000 after acquiring an additional 163,406 shares during the period. Polunin Capital Partners Ltd bought a new stake in HUYA in the second quarter valued at approximately $5,166,000. National Bank of Canada FI boosted its stake in shares of HUYA by 985,316.7% during the second quarter. National Bank of Canada FI now owns 236,500 shares of the company’s stock valued at $974,000 after purchasing an additional 236,476 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of HUYA by 21.1% in the fourth quarter. BNP Paribas Financial Markets now owns 99,826 shares of the company’s stock worth $365,000 after purchasing an additional 17,426 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of HUYA by 18.7% in the fourth quarter. Wellington Management Group LLP now owns 392,380 shares of the company’s stock worth $1,436,000 after purchasing an additional 61,888 shares during the last quarter. 23.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

HUYA Stock Performance

Shares of NYSE:HUYA opened at $4.66 on Wednesday. The stock’s 50-day moving average is $4.22 and its 200 day moving average is $4.50. HUYA Inc. has a 1 year low of $2.65 and a 1 year high of $6.84.

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

HUYA Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be issued a $1.06 dividend. The ex-dividend date is Wednesday, October 9th. This is a positive change from HUYA’s previous — dividend of $0.64.

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.