HUYA (NYSE:HUYA) Stock Rating Lowered by Bank of America

Bank of America cut shares of HUYA (NYSE:HUYA) from a buy rating to a neutral rating in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have $4.00 target price on the stock, down from their previous target price of $5.80.

Several other research analysts have also weighed in on HUYA. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Citigroup upgraded HUYA from a “sell” rating to a “buy” rating and lifted their price objective for the company from $2.40 to $6.00 in a report on Wednesday, August 14th. Finally, HSBC reissued a “hold” rating and set a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.93.

HUYA Trading Up 0.6 %

Shares of NYSE:HUYA traded up $0.02 during midday trading on Wednesday, hitting $3.28. The company had a trading volume of 586,922 shares, compared to its average volume of 1,555,701. The firm has a fifty day simple moving average of $4.19 and a 200 day simple moving average of $4.42. The stock has a market cap of $764.50 million, a price-to-earnings ratio of -36.22 and a beta of 0.62. HUYA has a 12 month low of $2.92 and a 12 month high of $6.84.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. The company had revenue of $1.54 billion during 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%. HUYA’s revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. Equities analysts forecast that HUYA will post 0.15 EPS for the current fiscal year.

HUYA Increases Dividend

The company also recently declared a — dividend, which was paid on Friday, October 25th. Investors of record on Wednesday, October 9th were paid a $1.06 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This is an increase from HUYA’s previous — dividend of $0.64.

Institutional Investors Weigh In On HUYA

Hedge funds and other institutional investors have recently modified their holdings of the company. Maple Rock Capital Partners Inc. raised its stake in HUYA by 125.2% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after purchasing an additional 2,860,000 shares in the last quarter. Acadian Asset Management LLC raised its holdings in HUYA by 526.0% in the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock valued at $13,011,000 after acquiring an additional 2,770,594 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of HUYA during the 2nd quarter worth $5,197,000. Polunin Capital Partners Ltd bought a new position in shares of HUYA in the second quarter worth $5,166,000. Finally, Canada Pension Plan Investment Board acquired a new position in HUYA in the second quarter valued at about $2,052,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.