Mirae Asset Global Investments Co. Ltd. Has $713,000 Stock Position in HUYA Inc. (NYSE:HUYA)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in HUYA Inc. (NYSE:HUYA) by 4.8% in the fourth quarter, HoldingsChannel reports. The firm owned 194,799 shares of the company’s stock after purchasing an additional 8,835 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in HUYA were worth $713,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lansdowne Partners UK LLP bought a new stake in HUYA in the third quarter worth approximately $1,560,000. Assenagon Asset Management S.A. bought a new stake in HUYA in the third quarter worth approximately $1,796,000. SG Americas Securities LLC increased its holdings in HUYA by 109.4% in the fourth quarter. SG Americas Securities LLC now owns 92,812 shares of the company’s stock worth $340,000 after purchasing an additional 48,488 shares in the last quarter. Caxton Associates LP increased its holdings in HUYA by 797.0% in the third quarter. Caxton Associates LP now owns 190,862 shares of the company’s stock worth $542,000 after purchasing an additional 169,583 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in HUYA in the third quarter worth approximately $39,000. 23.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded HUYA from a “neutral” rating to a “buy” rating and set a $5.80 target price for the company in a report on Monday, March 25th.

HUYA Stock Up 4.1 %

NYSE HUYA opened at $4.61 on Thursday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -41.91 and a beta of 0.59. HUYA Inc. has a 52 week low of $2.15 and a 52 week high of $5.30. The business has a 50 day moving average price of $4.21 and a 200-day moving average price of $3.65.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, March 19th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $215.47 million for the quarter, compared to the consensus estimate of $206.51 million. HUYA had a negative net margin of 2.80% and a positive return on equity of 0.30%. On average, equities research analysts anticipate that HUYA Inc. will post 0.11 earnings per share for the current year.

HUYA Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, May 9th.

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.