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

Connor Clark & Lunn Investment Management Ltd. increased its holdings in HUYA Inc. (NYSE:HUYA) by 66.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 758,281 shares of the company’s stock after buying an additional 302,988 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in HUYA were worth $2,328,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HUYA. WCM Investment Management LLC raised 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 valued at $8,505,000 after buying an additional 2,790,696 shares during the last quarter. FMR LLC raised its position in HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after acquiring an additional 1,681,800 shares in the last quarter. Main Management ETF Advisors LLC purchased a new position in HUYA during the third quarter valued at approximately $1,017,000. Public Employees Retirement System of Ohio acquired a new position in HUYA in the third quarter valued at approximately $711,000. Finally, Athos Capital Ltd boosted its position in HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock worth $649,000 after purchasing an additional 11,000 shares in the last quarter. 23.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Daiwa Capital Markets downgraded shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Five investment 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 currently has an average rating of “Hold” and a consensus target price of $5.68.

HUYA Trading Down 18.4 %

Shares of HUYA opened at $3.71 on Wednesday. The firm has a market cap of $838.71 million, a P/E ratio of -41.17 and a beta of 0.72. HUYA Inc. has a 12 month low of $2.82 and a 12 month high of $6.84. The stock’s 50 day moving average is $3.70 and its two-hundred day moving average is $3.68.

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.