Wellington Management Group LLP purchased a new stake in TIM Participacoes SA (NYSE:TSU) during the 1st quarter, Holdings Channel.com reports. The firm purchased 29,859 shares of the Wireless communications provider’s stock, valued at approximately $363,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSU. Tower Research Capital LLC TRC increased its position in shares of TIM Participacoes by 175.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,899 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 1,210 shares during the last quarter. Bartlett & Co. LLC acquired a new stake in shares of TIM Participacoes in the first quarter valued at about $48,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of TIM Participacoes by 662.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,009 shares of the Wireless communications provider’s stock valued at $78,000 after acquiring an additional 3,483 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TIM Participacoes in the fourth quarter valued at about $82,000. Finally, Advisor Group Inc. increased its position in shares of TIM Participacoes by 395.1% in the fourth quarter. Advisor Group Inc. now owns 5,332 shares of the Wireless communications provider’s stock valued at $102,000 after acquiring an additional 4,255 shares during the last quarter. 9.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:TSU opened at $12.67 on Wednesday. TIM Participacoes SA has a 12-month low of $10.28 and a 12-month high of $20.32. The stock has a market cap of $6.17 billion, a PE ratio of 6.96 and a beta of 1.05. The business has a 50 day moving average of $12.73 and a 200-day moving average of $15.53. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 0.38.
TIM Participacoes (NYSE:TSU) last issued its quarterly earnings data on Tuesday, May 5th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). The firm had revenue of $951.91 million for the quarter, compared to the consensus estimate of $1.08 billion. TIM Participacoes had a return on equity of 8.88% and a net margin of 20.66%. Equities research analysts expect that TIM Participacoes SA will post 0.63 earnings per share for the current year.
TSU has been the subject of a number of research analyst reports. ValuEngine cut TIM Participacoes from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Barclays reduced their price target on TIM Participacoes from $15.50 to $14.50 and set an “overweight” rating for the company in a report on Monday, May 11th. HSBC upgraded TIM Participacoes from a “reduce” rating to a “hold” rating in a report on Tuesday, April 21st. Stifel Nicolaus lifted their price target on TIM Participacoes from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Zacks Investment Research cut TIM Participacoes from a “hold” rating to a “sell” rating in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.90.
TIM Participacoes Company Profile
TIM Participações SA provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. The company offers prepaid and postpaid services; corporate solutions for mobile or fixed services, as well as mobile-to-mobile services; value-added services; financial and other services; digital channels; and customer services.
Further Reading: How does inflation affect different investments?
Want to see what other hedge funds are holding TSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TIM Participacoes SA (NYSE:TSU).
Receive News & Ratings for TIM Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.