Traders Buy High Volume of HUYA Put Options (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) saw unusually large options trading on Wednesday. Stock investors bought 47,561 put options on the stock. This represents an increase of approximately 6,543% compared to the average daily volume of 716 put options.

Institutional Investors Weigh In On HUYA

Hedge funds have recently made changes to their positions in the business. Seldon Capital LP acquired a new stake in HUYA in the 3rd quarter valued at approximately $51,000. Two Sigma Securities LLC acquired a new position in shares of HUYA during the fourth quarter valued at $43,000. XTX Topco Ltd bought a new stake in shares of HUYA during the third quarter valued at about $90,000. Smith Anglin Financial LLC raised 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 valued at $56,000 after purchasing an additional 4,002 shares in the last quarter. Finally, 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 worth $118,000 after purchasing an additional 3,685 shares during the period. Institutional investors own 23.20% of the company’s stock.

HUYA Price Performance

Shares of HUYA opened at $3.21 on Friday. HUYA has a 12 month low of $2.82 and a 12 month high of $6.84. The stock has a fifty day moving average price of $3.71 and a 200 day moving average price of $3.68. The company has a market cap of $725.52 million, a P/E ratio of -35.61 and a beta of 0.72.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.50 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%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, research analysts anticipate that HUYA will post 0.16 earnings per share for the current year.

HUYA Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s payout ratio is currently -4,900.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HUYA shares. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.