HUYA Target of Unusually High Options Trading (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) was the recipient of some unusual options trading activity on Thursday. Investors acquired 10,866 put options on the company. This is an increase of approximately 360% compared to the typical daily volume of 2,363 put options.

HUYA Price Performance

HUYA stock traded down $0.03 during midday trading on Thursday, hitting $3.29. The company’s stock had a trading volume of 553,326 shares, compared to its average volume of 1,635,623. The company’s fifty day moving average price is $3.73 and its 200 day moving average price is $3.63. HUYA has a twelve month low of $2.82 and a twelve month high of $6.84. The stock has a market capitalization of $743.63 million, a P/E ratio of -36.50 and a beta of 0.72.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $0.48 EPS. HUYA’s revenue was down 2.2% compared to the same quarter last year. Equities analysts expect that HUYA will post 0.16 EPS for the current fiscal year.

HUYA Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s payout ratio is -4,766.67%.

Institutional Trading of HUYA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC increased its stake in shares of HUYA by 4,396.5% during the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the last quarter. FMR LLC increased its position in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Bank of America Corp DE raised its stake in HUYA by 19.7% in the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock valued at $3,057,000 after buying an additional 164,112 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock valued at $2,328,000 after buying an additional 302,988 shares during the period. Finally, Monolith Management Ltd acquired a new stake in shares of HUYA in the fourth quarter valued at approximately $2,144,000. 23.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUYA. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.