OLD Mission Capital LLC Acquires New Stake in HUYA Inc. (NYSE:HUYA)

OLD Mission Capital LLC acquired a new stake in HUYA Inc. (NYSE:HUYAGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 71,618 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ronit Capital LLP raised its stake in HUYA by 11.0% in the 2nd quarter. Ronit Capital LLP now owns 101,000 shares of the company’s stock valued at $392,000 after purchasing an additional 10,000 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of HUYA by 551.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 123,874 shares of the company’s stock worth $481,000 after acquiring an additional 104,855 shares during the last quarter. Profund Advisors LLC acquired a new stake in shares of HUYA in the 2nd quarter worth $52,000. SG Americas Securities LLC increased its stake in shares of HUYA by 73.9% in the 2nd quarter. SG Americas Securities LLC now owns 43,341 shares of the company’s stock worth $168,000 after acquiring an additional 18,423 shares during the last quarter. Finally, Quinn Opportunity Partners LLC increased its stake in shares of HUYA by 67.3% in the 1st quarter. Quinn Opportunity Partners LLC now owns 551,591 shares of the company’s stock worth $2,466,000 after acquiring an additional 221,841 shares during the last quarter. 23.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUYA has been the subject of a number of recent research reports. UBS Group downgraded HUYA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $27.00 to $2.90 in a research note on Thursday, September 29th. TheStreet downgraded HUYA from a “c-” rating to a “d+” rating in a research note on Tuesday, September 6th. Finally, Citigroup downgraded HUYA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $6.00 to $4.00 in a research note on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.80.

HUYA Trading Up 6.3 %

Shares of NYSE:HUYA opened at $2.04 on Friday. The business has a 50-day moving average price of $2.36 and a 200 day moving average price of $3.27. The company has a market capitalization of $485.66 million, a price-to-earnings ratio of 17.00 and a beta of 0.66. HUYA Inc. has a 12-month low of $1.64 and a 12-month high of $10.23.

HUYA (NYSE:HUYAGet Rating) last issued its quarterly earnings data on Tuesday, August 16th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.28 billion. HUYA had a return on equity of 1.67% and a net margin of 1.77%. The company’s quarterly revenue was down 23.2% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. As a group, equities research analysts predict that HUYA Inc. will post -0.43 earnings per share for the current fiscal year.

HUYA Company Profile

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HUYA Inc, through 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, online theatre, and other genres.

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Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

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