TIM Participacoes SA (NYSE:TSU) Shares Sold by BlackRock Inc.

BlackRock Inc. lessened its position in TIM Participacoes SA (NYSE:TSU) by 75.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 491,350 shares of the Wireless communications provider’s stock after selling 1,548,589 shares during the period. BlackRock Inc. owned approximately 0.10% of TIM Participacoes worth $7,356,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in TIM Participacoes by 68.7% during the 2nd quarter. US Bancorp DE now owns 2,541 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 1,035 shares during the period. Quantamental Technologies LLC increased its stake in TIM Participacoes by 122.8% during the 2nd quarter. Quantamental Technologies LLC now owns 4,899 shares of the Wireless communications provider’s stock valued at $73,000 after buying an additional 2,700 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in TIM Participacoes during the 2nd quarter valued at about $254,000. We Are One Seven LLC bought a new position in shares of TIM Participacoes during the 2nd quarter valued at about $272,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of TIM Participacoes by 106.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 27,600 shares of the Wireless communications provider’s stock valued at $413,000 after purchasing an additional 14,200 shares in the last quarter. 13.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on TSU shares. ValuEngine upgraded shares of TIM Participacoes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, October 18th. Barclays upgraded shares of TIM Participacoes from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $19.00 in a research report on Thursday, August 1st. BMO Capital Markets reduced their price objective on shares of TIM Participacoes from $33.00 to $32.00 and set a “market perform” rating for the company in a research report on Friday, August 9th. Finally, TheStreet upgraded shares of TIM Participacoes from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.50.

NYSE:TSU opened at $14.24 on Wednesday. TIM Participacoes SA has a twelve month low of $12.79 and a twelve month high of $17.68. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $14.22 and a 200-day moving average of $14.72. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 2.47 and a beta of 0.88.

TIM Participacoes (NYSE:TSU) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. TIM Participacoes had a net margin of 23.66% and a return on equity of 12.16%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, research analysts forecast that TIM Participacoes SA will post 0.95 earnings per share for the current year.

The company also recently announced a None dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Wednesday, October 9th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. TIM Participacoes’s payout ratio is 32.12%.

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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