Canada Pension Plan Investment Board Purchases Shares of 519,600 HUYA Inc. (NYSE:HUYA)

Canada Pension Plan Investment Board acquired a new position in HUYA Inc. (NYSE:HUYA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 519,600 shares of the company’s stock, valued at approximately $2,052,000. Canada Pension Plan Investment Board owned approximately 0.22% of HUYA at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUYA. BRIGHT VALLEY CAPITAL Ltd bought a new stake in HUYA in the fourth quarter valued at $16,189,000. Point72 Hong Kong Ltd increased its position in HUYA by 2,008.2% in the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock valued at $16,660,000 after buying an additional 4,335,884 shares in the last quarter. Maple Rock Capital Partners Inc. raised its stake in HUYA by 125.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after buying an additional 2,860,000 shares during the period. Acadian Asset Management LLC boosted its holdings in HUYA by 526.0% in the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after acquiring an additional 2,770,594 shares in the last quarter. Finally, Polunin Capital Partners Ltd acquired a new stake in HUYA in the second quarter valued at approximately $5,166,000. 23.20% of the stock is owned by institutional investors and hedge funds.

HUYA Stock Performance

Shares of NYSE HUYA opened at $4.79 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -47.90 and a beta of 0.59. HUYA Inc. has a fifty-two week low of $2.77 and a fifty-two week high of $6.84. The firm’s 50-day simple moving average is $4.24 and its 200 day simple moving average is $4.50.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 for the quarter was down 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. On average, sell-side analysts predict that HUYA Inc. will post 0.17 EPS for the current 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 issued a $1.06 dividend. The ex-dividend date is Wednesday, October 9th. This is an increase from HUYA’s previous — dividend of $0.64.

Wall Street Analysts Forecast Growth

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

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.