First Trust Advisors LP Decreases Position in HUYA Inc – (NYSE:HUYA)

Share on StockTwits

First Trust Advisors LP cut its position in HUYA Inc – (NYSE:HUYA) by 8.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,414 shares of the company’s stock after selling 2,737 shares during the period. First Trust Advisors LP’s holdings in HUYA were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of HUYA by 83.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock valued at $52,000 after purchasing an additional 947 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of HUYA by 24.1% during the second quarter. Bank of Montreal Can now owns 8,132 shares of the company’s stock valued at $201,000 after purchasing an additional 1,578 shares during the last quarter. Perpetual Ltd raised its holdings in shares of HUYA by 19.6% during the third quarter. Perpetual Ltd now owns 40,200 shares of the company’s stock valued at $950,000 after purchasing an additional 6,600 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of HUYA by 9.1% during the second quarter. Grandeur Peak Global Advisors LLC now owns 93,440 shares of the company’s stock valued at $2,309,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of HUYA by 41.0% during the second quarter. Verition Fund Management LLC now owns 28,239 shares of the company’s stock valued at $698,000 after purchasing an additional 8,213 shares during the last quarter. 26.12% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on HUYA. TheStreet cut shares of HUYA from a “c-” rating to a “d+” rating in a report on Tuesday, November 12th. ValuEngine cut shares of HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Zacks Investment Research cut shares of HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. HSBC began coverage on shares of HUYA in a report on Monday, September 16th. They set a “buy” rating for the company. Finally, Jefferies Financial Group began coverage on shares of HUYA in a report on Monday, August 5th. They set a “buy” rating and a $26.80 price objective for the company. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.05.

Shares of HUYA stock opened at $20.60 on Tuesday. HUYA Inc – has a 12 month low of $14.44 and a 12 month high of $30.00. The stock has a market cap of $4.60 billion, a P/E ratio of 206.00 and a beta of 1.88. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.01. The company has a 50 day simple moving average of $22.52 and a two-hundred day simple moving average of $23.05.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, November 12th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.81. HUYA had a net margin of 5.50% and a return on equity of 5.88%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The firm’s revenue was up 77.4% on a year-over-year basis. As a group, equities analysts forecast that HUYA Inc – will post 0.27 earnings per share for the current year.

HUYA Company Profile

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

See Also: How does a margin account work?

Want to see what other hedge funds are holding HUYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HUYA Inc – (NYSE:HUYA).

Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

Receive News & Ratings for HUYA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HUYA and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.