HUYA Target of Unusually Large Options Trading (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) was the target of some unusual options trading activity on Wednesday. Stock investors bought 47,561 put options on the stock. This is an increase of approximately 6,543% compared to the average daily volume of 716 put options.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HUYA shares. Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Daiwa America lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, HUYA currently has an average rating of “Hold” and a consensus target price of $5.68.

HUYA Stock Performance

Shares of NYSE:HUYA opened at $3.46 on Thursday. The firm has a market cap of $782.12 million, a PE ratio of -38.39 and a beta of 0.72. HUYA has a 52 week low of $2.82 and a 52 week high of $6.84. The firm’s fifty day moving average is $3.71 and its 200-day moving average is $3.68.

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

HUYA Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be given 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 dividend payout ratio (DPR) is currently -4,900.00%.

Institutional Investors Weigh In On HUYA

A number of institutional investors have recently modified their holdings of HUYA. WCM Investment Management LLC boosted its position in HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after acquiring an additional 2,790,696 shares during the last quarter. FMR LLC boosted 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 purchasing an additional 1,681,800 shares in the last quarter. Bank of America Corp DE grew its stake in HUYA by 19.7% during the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after purchasing an additional 164,112 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after purchasing an additional 302,988 shares in the last quarter. Finally, Monolith Management Ltd bought a new stake in HUYA in the fourth quarter worth approximately $2,144,000. 23.20% of the stock is owned by institutional investors.

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.