Point72 Asset Management L.P. Decreases Stake in TIM Participacoes SA (TSU)

Point72 Asset Management L.P. cut its holdings in shares of TIM Participacoes SA (NYSE:TSU) by 42.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,078 shares of the Wireless communications provider’s stock after selling 40,216 shares during the period. Point72 Asset Management L.P.’s holdings in TIM Participacoes were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of TIM Participacoes by 93.8% in the 1st quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock valued at $152,000 after acquiring an additional 3,392 shares during the period. Aperio Group LLC raised its position in shares of TIM Participacoes by 55.1% in the 1st quarter. Aperio Group LLC now owns 93,860 shares of the Wireless communications provider’s stock valued at $2,034,000 after acquiring an additional 33,359 shares during the period. BlackRock Inc. raised its position in shares of TIM Participacoes by 17.2% in the 1st quarter. BlackRock Inc. now owns 6,223,551 shares of the Wireless communications provider’s stock valued at $134,864,000 after acquiring an additional 914,983 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of TIM Participacoes by 242.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,035 shares of the Wireless communications provider’s stock valued at $196,000 after acquiring an additional 6,397 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of TIM Participacoes in the 1st quarter valued at approximately $343,000. Institutional investors own 14.92% of the company’s stock.

NYSE TSU opened at $16.13 on Tuesday. TIM Participacoes SA has a 52-week low of $13.82 and a 52-week high of $23.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.03. The company has a market cap of $7.02 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.30.

A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of TIM Participacoes from $18.50 to $18.00 and set a “hold” rating on the stock in a research report on Monday, July 23rd. TheStreet downgraded shares of TIM Participacoes from a “b” rating to a “c+” rating in a research report on Monday, June 11th. ValuEngine downgraded shares of TIM Participacoes from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Royal Bank of Canada reissued a “hold” rating and set a $17.50 target price on shares of TIM Participacoes in a research note on Tuesday, July 31st. Finally, HSBC raised TIM Participacoes from a “reduce” rating to a “hold” rating in a research note on Thursday, August 9th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.88.

TIM Participacoes Company Profile

TIM Participações SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

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

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