TimesSquare Capital Management LLC Purchases New Position in HUYA Inc – (NYSE:HUYA)

TimesSquare Capital Management LLC purchased a new stake in HUYA Inc – (NYSE:HUYA) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,014,900 shares of the company’s stock, valued at approximately $25,078,000. TimesSquare Capital Management LLC owned about 0.50% of HUYA at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its holdings in shares of HUYA by 44.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,940 shares of the company’s stock valued at $83,000 after acquiring an additional 900 shares during the last quarter. Bank of Montreal Can bought a new position in shares of HUYA in the 1st quarter valued at about $184,000. National Asset Management Inc. bought a new position in shares of HUYA in the 1st quarter valued at about $233,000. Deutsche Bank AG bought a new position in shares of HUYA in the 4th quarter valued at about $242,000. Finally, Segantii Capital Management Ltd lifted its holdings in shares of HUYA by 16.7% in the 2nd quarter. Segantii Capital Management Ltd now owns 12,082 shares of the company’s stock valued at $299,000 after acquiring an additional 1,726 shares during the last quarter. 17.38% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on HUYA. Jefferies Financial Group began coverage on shares of HUYA in a research report on Monday, August 5th. They issued a “buy” rating and a $26.80 price objective on the stock. Tigress Financial began coverage on shares of HUYA in a research report on Friday, April 26th. They issued a “buy” rating on the stock. Bank of America began coverage on shares of HUYA in a research report on Wednesday, May 29th. They issued a “buy” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. raised shares of HUYA from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $28.00 to $26.00 in a research report on Tuesday, May 28th. Finally, Daiwa Capital Markets raised shares of HUYA from a “neutral” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, July 8th. Twelve analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $28.15.

HUYA stock traded up $1.11 during midday trading on Friday, reaching $24.29. The stock had a trading volume of 4,823,400 shares, compared to its average volume of 2,349,234. The company has a quick ratio of 4.22, a current ratio of 4.83 and a debt-to-equity ratio of 0.01. HUYA Inc – has a 52-week low of $14.44 and a 52-week high of $30.66. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 242.90 and a beta of 2.13. The company has a fifty day moving average of $22.93 and a 200 day moving average of $23.15.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.68. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.77 billion. HUYA had a net margin of 5.31% and a return on equity of 5.53%. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts predict that HUYA Inc – will post 0.24 EPS for the current year.

HUYA Profile

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

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