Polunin Capital Partners Ltd Sells 33,500 Shares of HUYA Inc. (NYSE:HUYA)

Polunin Capital Partners Ltd cut its stake in HUYA Inc. (NYSE:HUYA) by 2.6% in the third quarter, Holdings Channel reports. The fund owned 1,274,300 shares of the company’s stock after selling 33,500 shares during the period. HUYA accounts for about 1.5% of Polunin Capital Partners Ltd’s portfolio, making the stock its 9th largest holding. Polunin Capital Partners Ltd’s holdings in HUYA were worth $6,499,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Smith Anglin Financial LLC purchased a new position in HUYA in the third quarter worth approximately $73,000. Bayesian Capital Management LP increased its holdings in HUYA by 22.0% in the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of HUYA in the 1st quarter valued at $222,000. Headlands Technologies LLC acquired a new position in HUYA during the 2nd quarter worth about $205,000. Finally, Commonwealth Equity Services LLC purchased a new position in HUYA during the 2nd quarter valued at about $291,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Price Performance

NYSE:HUYA traded down $0.04 during midday trading on Friday, hitting $3.40. 1,709,774 shares of the company were exchanged, compared to its average volume of 2,490,816. HUYA Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $6.84. The company has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $4.48.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 0.53% and a negative net margin of 2.69%. The firm’s revenue was down 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, sell-side analysts predict that HUYA Inc. will post 0.15 earnings per share for the current fiscal year.

HUYA Increases Dividend

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

Wall Street Analyst Weigh In

HUYA has been the subject of a number of recent research reports. Citigroup upgraded HUYA from a “sell” rating to a “buy” rating and lifted their target price for the company from $2.40 to $6.00 in a report on Wednesday, August 14th. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, HSBC restated a “hold” rating and issued a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.38.

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.