Seldon Capital LP Acquires New Stake in HUYA Inc. (NYSE:HUYA)

Seldon Capital LP acquired a new position in shares of HUYA Inc. (NYSE:HUYA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,001 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds also recently made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of HUYA in the 3rd quarter valued at approximately $61,000. Smith Anglin Financial LLC purchased a new position in HUYA in the third quarter worth $73,000. Bayesian Capital Management LP lifted its holdings in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after acquiring an additional 3,500 shares during the period. Headlands Technologies LLC purchased a new stake in shares of HUYA during the 2nd quarter worth $205,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of HUYA during the 2nd quarter worth $291,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Trading Down 1.0 %

NYSE:HUYA opened at $2.99 on Friday. The company has a market capitalization of $696.91 million, a P/E ratio of -33.22 and a beta of 0.62. The firm has a 50-day moving average price of $3.96 and a two-hundred day moving average price of $4.29. HUYA Inc. has a twelve month low of $2.89 and a twelve month high of $6.84.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the company posted $0.05 EPS. The company’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts predict that HUYA Inc. will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HUYA. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and dropped their target price for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Citigroup decreased their price target on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, HSBC reaffirmed a “hold” rating and issued a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.68.

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.