Grandeur Peak Global Advisors LLC Acquires New Stake in HUYA Inc – (HUYA)

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Grandeur Peak Global Advisors LLC acquired a new position in HUYA Inc – (NYSE:HUYA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,790 shares of the company’s stock, valued at approximately $750,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC purchased a new stake in HUYA in the 2nd quarter worth approximately $19,362,000. Rovida Advisors Inc. purchased a new position in shares of HUYA during the 2nd quarter valued at approximately $16,378,000. BlackRock Inc. purchased a new position in shares of HUYA during the 2nd quarter valued at approximately $15,108,000. AGF Investments Inc. purchased a new position in shares of HUYA during the 2nd quarter valued at approximately $2,467,000. Finally, MYDA Advisors LLC purchased a new position in shares of HUYA during the 2nd quarter valued at approximately $1,973,000. Institutional investors and hedge funds own 5.86% of the company’s stock.

NYSE HUYA opened at $26.25 on Friday. HUYA Inc – has a one year low of $15.25 and a one year high of $50.82.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Monday, August 13th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.55) by $1.92. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $992.74 million. HUYA’s quarterly revenue was up 125.0% on a year-over-year basis.

A number of brokerages have recently issued reports on HUYA. CLSA began coverage on HUYA in a research report on Tuesday. They set an “outperform” rating and a $33.00 target price on the stock. Needham & Company LLC began coverage on HUYA in a research report on Wednesday, June 13th. They set a “buy” rating and a $41.00 target price on the stock. 86 Research reiterated a “sell” rating on shares of HUYA in a research report on Monday, June 18th. Goldman Sachs Group began coverage on HUYA in a research report on Friday, August 3rd. They set a “neutral” rating and a $34.00 target price on the stock. Finally, UBS Group began coverage on HUYA in a research report on Thursday, June 7th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. HUYA currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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 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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