WCM Investment Management LLC Raises Holdings in HUYA Inc. (NYSE:HUYA)

WCM Investment Management LLC raised its position in shares of HUYA Inc. (NYSE:HUYA) by 4,396.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,854,171 shares of the company’s stock after buying an additional 2,790,696 shares during the quarter. WCM Investment Management LLC’s holdings in HUYA were worth $8,505,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Seldon Capital LP purchased a new position in shares of HUYA in the 3rd quarter valued at $51,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in HUYA in the 3rd quarter valued at $61,000. XTX Topco Ltd purchased a new position in HUYA in the third quarter valued at about $90,000. Smith Anglin Financial LLC lifted its stake in shares of HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after purchasing an additional 4,002 shares in the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after buying an additional 3,685 shares during the period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Stock Performance

NYSE:HUYA opened at $3.75 on Monday. The stock has a market cap of $847.76 million, a price-to-earnings ratio of -41.61 and a beta of 0.63. HUYA Inc. has a one year low of $2.82 and a one year high of $6.84. The business’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.75.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.30. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. HUYA’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 EPS. On average, equities research analysts predict that HUYA Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

HUYA has been the topic of several analyst reports. Citigroup dropped their target price on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, HUYA has a consensus rating of “Hold” and an average price target of $5.68.

About HUYA

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.