Connor Clark & Lunn Investment Management Ltd. Acquires 270,701 Shares of HUYA Inc. (NYSE:HUYA)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HUYA Inc. (NYSE:HUYA) by 146.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,293 shares of the company’s stock after buying an additional 270,701 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.20% of HUYA worth $2,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BRIGHT VALLEY CAPITAL Ltd lifted its holdings in shares of HUYA by 1.9% in the first quarter. BRIGHT VALLEY CAPITAL Ltd now owns 4,505,355 shares of the company’s stock worth $20,499,000 after buying an additional 82,214 shares in the last quarter. Acadian Asset Management LLC increased its holdings in HUYA by 526.0% during the 2nd quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after acquiring an additional 2,770,594 shares during the period. Millennium Management LLC purchased a new stake in HUYA in the 2nd quarter worth approximately $5,197,000. Polunin Capital Partners Ltd bought a new position in HUYA in the 2nd quarter valued at $5,166,000. Finally, Dimensional Fund Advisors LP grew its position in shares of HUYA by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock valued at $4,209,000 after purchasing an additional 21,338 shares in the last quarter. 23.20% of the stock is owned by institutional investors.

HUYA Trading Down 0.3 %

Shares of HUYA stock opened at $2.98 on Tuesday. The business’s 50-day moving average price is $3.94 and its 200-day moving average price is $4.28. The firm has a market capitalization of $694.58 million, a PE ratio of -33.11 and a beta of 0.62. HUYA Inc. has a 12 month low of $2.89 and a 12 month high of $6.84.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $0.05 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. As a group, analysts predict that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on HUYA shares. Citigroup reduced their target price on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. HSBC reissued a “hold” rating and set a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.