Segantii Capital Management Ltd grew its position in shares of HUYA Inc – (NYSE:HUYA) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,082 shares of the company’s stock after purchasing an additional 1,726 shares during the quarter. Segantii Capital Management Ltd’s holdings in HUYA were worth $299,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in HUYA. Amundi Pioneer Asset Management Inc. grew its position in HUYA by 28.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 95,897 shares of the company’s stock worth $2,698,000 after acquiring an additional 21,299 shares during the last quarter. AO Asset Management LP purchased a new stake in HUYA in the 1st quarter worth approximately $10,445,000. Jennison Associates LLC purchased a new stake in HUYA in the 1st quarter worth approximately $788,000. Nomura Asset Management Co. Ltd. lifted its holdings in HUYA by 53.6% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 48,700 shares of the company’s stock worth $1,370,000 after buying an additional 17,000 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in HUYA by 1.5% in the 1st quarter. Penserra Capital Management LLC now owns 56,243 shares of the company’s stock worth $1,581,000 after buying an additional 835 shares during the period. 15.90% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on HUYA shares. Bank of America started coverage on HUYA in a report on Wednesday, May 29th. They issued a “buy” rating and a $26.00 price objective for the company. Daiwa Capital Markets upgraded HUYA from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, July 8th. 86 Research upgraded HUYA from a “hold” rating to a “buy” rating and set a $25.65 price objective for the company in a report on Tuesday, July 2nd. JPMorgan Chase & Co. upgraded HUYA from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $28.00 to $26.00 in a report on Tuesday, May 28th. Finally, ValuEngine upgraded HUYA from a “hold” rating to a “buy” rating in a report on Thursday. Twelve analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $28.27.
HUYA (NYSE:HUYA) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.04 earnings per share for the quarter. HUYA had a positive return on equity of 4.60% and a negative net margin of 35.91%. The business had revenue of $243.10 million during the quarter, compared to analysts’ expectations of $227.35 million. As a group, sell-side analysts anticipate that HUYA Inc – will post 0.24 earnings per share for the current fiscal year.
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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.
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