HUYA (NYSE:HUYA) Sees Unusually-High Trading Volume Following Dividend Announcement

Shares of HUYA Inc. (NYSE:HUYA) saw unusually-high trading volume on Thursday following a dividend announcement from the company. Approximately 2,014,894 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 1,508,101 shares.The stock last traded at $3.30 and had previously closed at $3.46.

The newly announced dividend which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a $1.47 dividend. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio is presently -4,900.00%.

Analyst Upgrades and Downgrades

HUYA has been the subject of a number of research reports. Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Stock Down 4.8 %

The company has a 50 day moving average price of $3.71 and a 200-day moving average price of $3.68. The company has a market cap of $745.90 million, a price-to-earnings ratio of -36.61 and a beta of 0.72.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. On average, analysts forecast that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of HUYA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Seldon Capital LP bought a new stake in shares of HUYA in the 3rd quarter valued at about $51,000. Two Sigma Securities LLC acquired a new position in shares of HUYA in the fourth quarter worth approximately $43,000. XTX Topco Ltd bought a new stake in HUYA in the third quarter valued at approximately $90,000. Smith Anglin Financial LLC increased its position in HUYA by 27.9% during the 4th 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 during the period. Finally, Quantbot Technologies LP raised its holdings in HUYA by 18.9% during the 3rd 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 last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.