HUYA (NYSE:HUYA) Cut to “Neutral” at Daiwa Capital Markets

Daiwa Capital Markets downgraded shares of HUYA (NYSE:HUYA) from an outperform rating to a neutral rating in a research report released on Tuesday morning, Marketbeat Ratings reports.

HUYA Trading Down 7.4 %

Shares of HUYA stock opened at $3.21 on Tuesday. HUYA has a 52 week low of $2.82 and a 52 week high of $6.84. The stock has a market cap of $725.52 million, a PE ratio of -35.61 and a beta of 0.72. The company’s 50-day moving average price is $3.71 and its two-hundred day moving average price is $3.68.

HUYA (NYSE:HUYA) last released 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). The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities analysts predict that HUYA will post 0.16 EPS for the current fiscal year.

HUYA Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given a dividend of $1.47 per share. This represents a dividend yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio (DPR) is presently -4,900.00%.

Institutional Investors Weigh In On HUYA

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

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.