TimesSquare Capital Management LLC Sells 864,200 Shares of HUYA Inc. (NYSE:HUYA)

TimesSquare Capital Management LLC reduced its holdings in HUYA Inc. (NYSE:HUYA) by 49.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 871,600 shares of the company’s stock after selling 864,200 shares during the quarter. TimesSquare Capital Management LLC owned about 0.39% of HUYA worth $16,979,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Morgan Stanley increased its holdings in HUYA by 169.7% in the fourth quarter. Morgan Stanley now owns 22,095,743 shares of the company’s stock worth $440,368,000 after purchasing an additional 13,903,378 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of HUYA by 135.2% during the first quarter. Baillie Gifford & Co. now owns 7,061,634 shares of the company’s stock valued at $137,561,000 after acquiring an additional 4,058,903 shares in the last quarter. BlackRock Inc. increased its holdings in shares of HUYA by 26.3% during the first quarter. BlackRock Inc. now owns 3,454,180 shares of the company’s stock valued at $67,287,000 after acquiring an additional 719,825 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of HUYA by 19.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,259,578 shares of the company’s stock valued at $64,963,000 after acquiring an additional 533,599 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of HUYA by 22.5% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 3,112,174 shares of the company’s stock valued at $62,026,000 after acquiring an additional 570,702 shares in the last quarter. Institutional investors and hedge funds own 42.63% of the company’s stock.

Shares of NYSE:HUYA opened at $15.93 on Friday. The stock has a market capitalization of $3.76 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 8.49 and a beta of 0.76. HUYA Inc. has a 12-month low of $14.32 and a 12-month high of $36.33. The firm’s 50 day moving average is $16.70.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, May 18th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.42. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.65 billion. HUYA had a return on equity of 9.40% and a net margin of 8.26%. HUYA’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share. As a group, equities analysts predict that HUYA Inc. will post 0.29 EPS for the current year.

Several research firms have recently commented on HUYA. Zacks Investment Research downgraded HUYA from a “hold” rating to a “sell” rating in a report on Friday, April 2nd. Daiwa Capital Markets upgraded HUYA from a “hold” rating to a “buy” rating in a report on Thursday, May 20th. TheStreet downgraded HUYA from a “c-” rating to a “d+” rating in a report on Wednesday, May 5th. Finally, 86 Research upgraded HUYA from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, April 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.20.

About HUYA

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's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, online theatre, and other genres.

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Institutional Ownership by Quarter for HUYA (NYSE:HUYA)

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