Investors Purchase High Volume of HUYA Put Options (NYSE:HUYA)

HUYA Inc. (NYSE:HUYA) was the recipient of some unusual options trading activity on Thursday. Traders bought 10,866 put options on the company. This represents an increase of 360% compared to the typical daily volume of 2,363 put options.

HUYA Stock Performance

NYSE HUYA opened at $3.15 on Friday. The firm has a market capitalization of $713.07 million, a PE ratio of -35.00 and a beta of 0.73. HUYA has a one year low of $2.82 and a one year high of $6.84. The company has a 50-day simple moving average of $3.72 and a 200-day simple moving average of $3.62.

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

HUYA Announces Dividend

The business also recently announced an annual 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 of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio is presently -4,766.67%.

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new stake in shares of HUYA in the 4th quarter worth about $43,000. XTX Topco Ltd acquired a new position in HUYA during the 3rd quarter valued at about $90,000. Smith Anglin Financial LLC grew its position in HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after purchasing an additional 4,002 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of HUYA by 18.9% in the third 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 during the period. Finally, Sei Investments Co. bought a new stake in shares of HUYA during the fourth quarter valued at approximately $94,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HUYA. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.68.

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.