AdvisorShares Investments LLC Makes New $382,000 Investment in HUYA Inc. (NYSE:HUYA)

AdvisorShares Investments LLC bought a new stake in HUYA Inc. (NYSE:HUYA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 124,500 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Smith Anglin Financial LLC increased its stake in shares of HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in HUYA in the fourth quarter valued at about $371,000. WCM Investment Management LLC grew its position in HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after acquiring an additional 2,790,696 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in HUYA during the fourth quarter worth about $140,000. Finally, E Fund Management Co. Ltd. bought a new position in shares of HUYA in the fourth quarter worth about $371,000. Institutional investors own 23.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Daiwa Capital Markets lowered shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th. Daiwa America cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Price Performance

HUYA opened at $3.59 on Wednesday. The firm has a market capitalization of $812.68 million, a price-to-earnings ratio of -39.89 and a beta of 0.73. HUYA Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $6.84. The company’s 50 day moving average price is $3.54 and its two-hundred day moving average price is $3.41.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 previous year, the company posted $0.48 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts predict that HUYA Inc. will post 0.16 EPS for the current year.

HUYA Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders 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%.

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.