HUYA (NYSE:HUYA) Shares Gap Down – Here’s What Happened

11 Oct 2024, 12:18 by Tristan Rich · The Markets Daily

HUYA Inc. (NYSE:HUYA – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.66, but opened at $4.32. HUYA shares last traded at $4.41, with a volume of 1,087,982 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and increased their target price for the stock from $2.40 to $6.00 in a research report on Wednesday, August 14th.

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HUYA Trading Down 5.2 %

The company’s 50-day moving average is $4.46 and its 200-day moving average is $4.55.

HUYA (NYSE:HUYA – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.35. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. HUYA’s quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share. Analysts forecast that HUYA Inc. will post 0.17 earnings per share for the current year.

HUYA Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be given a $1.06 dividend. This is a positive change from HUYA’s previous — dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 9th.

Institutional Investors Weigh In On HUYA

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in HUYA by 18.7% in the fourth quarter. Wellington Management Group LLP now owns 392,380 shares of the company’s stock worth $1,436,000 after purchasing an additional 61,888 shares during the period. BNP Paribas Financial Markets grew its position in shares of HUYA by 8.7% during the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company’s stock worth $494,000 after buying an additional 8,680 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of HUYA during the first quarter worth approximately $222,000. Acadian Asset Management LLC lifted its holdings in HUYA by 45.0% in the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock valued at $2,393,000 after buying an additional 163,406 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its stake in HUYA by 125.2% in the first quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock valued at $23,410,000 after acquiring an additional 2,860,000 shares during the last quarter. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

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