HUYA (NYSE:HUYA) Stock Rating Lowered by Daiwa Capital Markets

Daiwa Capital Markets downgraded shares of HUYA (NYSE:HUYA) from an outperform rating to a neutral rating in a report published on Tuesday, MarketBeat Ratings reports.

HUYA Stock Performance

HUYA stock opened at $3.71 on Tuesday. The company’s 50-day simple moving average is $3.70 and its 200 day simple moving average is $3.68. HUYA has a 52 week low of $2.82 and a 52 week high of $6.84. The company has a market capitalization of $838.71 million, a PE ratio of -41.17 and a beta of 0.72.

Institutional Investors Weigh In On HUYA

A number of hedge funds have recently made changes to their positions in HUYA. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of HUYA by 146.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock valued at $2,322,000 after purchasing an additional 270,701 shares in the last quarter. Seldon Capital LP acquired a new stake in shares of HUYA in the 3rd quarter valued at approximately $51,000. FMR LLC boosted its stake in shares of HUYA by 236.8% in 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. Quantbot Technologies LP boosted its stake in shares of HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares in the last quarter. Finally, Athos Capital Ltd boosted its stake in shares of HUYA by 9.5% in the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after purchasing an additional 11,000 shares in 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.