Connor Clark & Lunn Investment Management Ltd. Raises Holdings in HUYA Inc. (NYSE:HUYA)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in HUYA Inc. (NYSE:HUYA) by 146.6% during the third quarter, Holdings Channel.com reports. The firm owned 455,293 shares of the company’s stock after buying an additional 270,701 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in HUYA were worth $2,322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in shares of 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 purchasing an additional 2,770,594 shares during the last quarter. Millennium Management LLC purchased a new stake in HUYA during the 2nd quarter valued at $5,197,000. Polunin Capital Partners Ltd bought a new stake in HUYA in the 2nd quarter worth $5,166,000. Canada Pension Plan Investment Board purchased a new position in shares of HUYA in the second quarter valued at about $2,052,000. Finally, Marshall Wace LLP raised its stake in shares of HUYA by 177.6% during the second quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock valued at $3,097,000 after acquiring an additional 501,681 shares during the last quarter. Institutional investors own 23.20% of the company’s stock.

HUYA Stock Performance

Shares of NYSE:HUYA opened at $2.98 on Tuesday. HUYA Inc. has a 52-week low of $2.89 and a 52-week high of $6.84. The firm has a market capitalization of $694.58 million, a P/E ratio of -33.11 and a beta of 0.62. The stock has a 50 day moving average price of $3.94 and a 200-day moving average price of $4.28.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $0.05 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities analysts forecast that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HUYA shares. Citigroup cut their target price on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. HSBC restated a “hold” rating and set a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Bank of America downgraded shares of HUYA from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Four 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 has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Company 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.