16,938 Shares in TIM Participacoes SA (NYSE:TSU) Bought by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC bought a new position in TIM Participacoes SA (NYSE:TSU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,938 shares of the Wireless communications provider’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TSU. Citigroup Inc. purchased a new position in shares of TIM Participacoes during the fourth quarter valued at $30,000. Quantamental Technologies LLC purchased a new position in shares of TIM Participacoes during the first quarter valued at $33,000. Financial Gravity Wealth Inc. purchased a new position in shares of TIM Participacoes during the first quarter valued at $47,000. Quadrant Capital Group LLC grew its holdings in shares of TIM Participacoes by 2,095.3% during the first quarter. Quadrant Capital Group LLC now owns 3,271 shares of the Wireless communications provider’s stock valued at $48,000 after buying an additional 3,122 shares in the last quarter. Finally, Bartlett & Co. LLC purchased a new position in shares of TIM Participacoes during the first quarter valued at $59,000. Institutional investors and hedge funds own 14.85% of the company’s stock.

TSU has been the topic of a number of research analyst reports. Barclays upgraded TIM Participacoes from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $19.00 in a report on Thursday, August 1st. Zacks Investment Research upgraded TIM Participacoes from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley downgraded TIM Participacoes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $19.00 to $16.00 in a report on Wednesday, June 5th. ValuEngine downgraded TIM Participacoes from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, TheStreet upgraded TIM Participacoes from a “c+” rating to a “b-” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.33.

TSU traded down $0.15 during trading on Friday, reaching $15.86. 3,412 shares of the stock traded hands, compared to its average volume of 852,703. The stock has a market cap of $7.61 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 3.64 and a beta of 0.89. TIM Participacoes SA has a fifty-two week low of $12.79 and a fifty-two week high of $17.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.06. The firm’s 50-day moving average price is $15.73.

TIM Participacoes (NYSE:TSU) last released its quarterly earnings data on Tuesday, May 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.11 billion during the quarter. TIM Participacoes had a return on equity of 12.16% and a net margin of 23.66%. On average, equities research analysts expect that TIM Participacoes SA will post 0.73 EPS for the current year.

About TIM Participacoes

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.

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Institutional Ownership by Quarter for TIM Participacoes (NYSE:TSU)

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