Athos Capital Ltd Acquires 11,000 Shares of HUYA Inc. (NYSE:HUYA)

Athos Capital Ltd lifted its stake in HUYA Inc. (NYSE:HUYA) by 9.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,346 shares of the company’s stock after acquiring an additional 11,000 shares during the quarter. HUYA accounts for about 0.2% of Athos Capital Ltd’s investment portfolio, making the stock its 21st largest holding. Athos Capital Ltd owned 0.05% of HUYA worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP lifted its holdings in HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after acquiring an additional 3,685 shares during the period. FMR LLC grew its position in shares of HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after acquiring an additional 1,681,800 shares during the period. Seldon Capital LP purchased a new stake in shares of HUYA in the 3rd quarter worth $51,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in HUYA by 146.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock worth $2,322,000 after purchasing an additional 270,701 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in HUYA during the third quarter valued at $61,000. Institutional investors own 23.20% of the company’s stock.

HUYA Trading Up 4.9 %

NYSE:HUYA opened at $3.22 on Monday. The stock has a fifty day simple moving average of $3.86 and a 200-day simple moving average of $4.24. The company has a market cap of $750.52 million, a price-to-earnings ratio of -35.78 and a beta of 0.62. HUYA Inc. has a twelve month low of $2.89 and a twelve month high of $6.84.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.05 EPS. As a group, equities research analysts predict that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

HUYA has been the subject of a number of recent research reports. Citigroup cut their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and decreased their target price for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Hsbc Global Res cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, HSBC reaffirmed a “hold” rating and set a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Company 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.