WCM Investment Management LLC Increases Stake in HUYA Inc. (NYSE:HUYA)

WCM Investment Management LLC raised its position in HUYA Inc. (NYSE:HUYA) by 4,396.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,854,171 shares of the company’s stock after acquiring an additional 2,790,696 shares during the period. WCM Investment Management LLC owned approximately 1.26% of HUYA worth $8,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Seldon Capital LP acquired a new stake in HUYA in the third quarter valued at about $51,000. Smith Anglin Financial LLC raised its stake in shares of HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after buying an additional 4,002 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of HUYA in the 3rd quarter valued at approximately $61,000. XTX Topco Ltd purchased a new stake in shares of HUYA in the third quarter valued at approximately $90,000. Finally, Quantbot Technologies LP grew its holdings in HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after acquiring an additional 3,685 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on HUYA. Bank of America downgraded 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 cut their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.68.

HUYA Trading Up 1.5 %

Shares of HUYA stock opened at $3.75 on Monday. The company has a market capitalization of $847.76 million, a price-to-earnings ratio of -41.61 and a beta of 0.63. The firm has a 50-day moving average price of $3.25 and a 200 day moving average price of $3.75. HUYA Inc. has a twelve month low of $2.82 and a twelve month high of $6.84.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating 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 analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue was down 7.6% on a year-over-year basis. As a group, research analysts predict that HUYA Inc. will post 0.16 earnings per share for the current year.

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.