Main Management ETF Advisors LLC Cuts Holdings in HUYA Inc. (NYSE:HUYA)

Main Management ETF Advisors LLC trimmed its holdings in shares of HUYA Inc. (NYSE:HUYA) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,984 shares of the company’s stock after selling 16,448 shares during the period. Main Management ETF Advisors LLC owned about 0.08% of HUYA worth $562,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. D. E. Shaw & Co. Inc. increased its stake in HUYA by 10.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock valued at $824,000 after purchasing an additional 25,521 shares in the last quarter. Caxton Associates LP increased its stake in HUYA by 79.6% in the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company’s stock valued at $1,560,000 after purchasing an additional 225,341 shares in the last quarter. Bank of America Corp DE increased its stake in HUYA by 19.7% in the 4th quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock valued at $3,057,000 after purchasing an additional 164,112 shares in the last quarter. BNP Paribas Financial Markets increased its stake in HUYA by 44.7% in the 4th quarter. BNP Paribas Financial Markets now owns 295,933 shares of the company’s stock valued at $909,000 after purchasing an additional 91,387 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in HUYA in the 4th quarter valued at approximately $382,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HUYA. Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. Daiwa America cut HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, HUYA has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Stock Performance

Shares of NYSE:HUYA opened at $3.77 on Thursday. The business’s fifty day moving average price is $3.51 and its two-hundred day moving average price is $3.42. The stock has a market cap of $849.12 million, a PE ratio of -41.89 and a beta of 0.81. HUYA Inc. has a one year low of $2.82 and a one year high of $6.84.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, March 18th. The company reported $0.01 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 for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company posted $0.48 EPS. HUYA’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

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 $1.47 dividend. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s payout ratio is currently -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.