Ionic Capital Management LLC lifted its stake in DouYu International Holdings Limited (NASDAQ:DOYU) by 46.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,280 shares of the company’s stock after acquiring an additional 30,845 shares during the period. Ionic Capital Management LLC’s holdings in DouYu International were worth $1,013,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. acquired a new stake in shares of DouYu International in the first quarter worth $28,000. Resolute Partners Group bought a new position in DouYu International in the fourth quarter worth $72,000. The Manufacturers Life Insurance Company bought a new position in DouYu International in the fourth quarter worth $119,000. Quantbot Technologies LP bought a new position in DouYu International in the first quarter worth $133,000. Finally, GSA Capital Partners LLP bought a new position in DouYu International in the first quarter worth $138,000. Institutional investors and hedge funds own 30.03% of the company’s stock.
Several research analysts recently commented on the company. 86 Research raised DouYu International from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, April 23rd. TheStreet cut DouYu International from a “c-” rating to a “d+” rating in a report on Wednesday, April 21st. Finally, Zacks Investment Research cut DouYu International from a “hold” rating to a “sell” rating in a report on Wednesday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. DouYu International presently has an average rating of “Hold” and an average target price of $14.71.
DouYu International (NASDAQ:DOYU) last announced its earnings results on Monday, May 17th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). DouYu International had a net margin of 1.46% and a return on equity of 1.91%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business posted $0.95 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts anticipate that DouYu International Holdings Limited will post -0.22 EPS for the current year.
DouYu International Company Profile
DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
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