Axa held its stake in TIM Participacoes S.A. (NYSE:TSU) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 20,609 shares of the Wireless communications provider’s stock at the end of the 2nd quarter. Axa’s holdings in TIM Participacoes were worth $305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CIBC World Markets Inc. grew its stake in TIM Participacoes by 1.9% during the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock valued at $191,000 after purchasing an additional 236 shares in the last quarter. Global X Management Co. LLC grew its stake in TIM Participacoes by 3.6% during the 2nd quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock valued at $117,000 after purchasing an additional 272 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in TIM Participacoes by 2.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 37,993 shares of the Wireless communications provider’s stock valued at $562,000 after purchasing an additional 993 shares in the last quarter. SG Americas Securities LLC grew its stake in TIM Participacoes by 11.4% during the 2nd quarter. SG Americas Securities LLC now owns 33,482 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 3,413 shares in the last quarter. Finally, Aperio Group LLC grew its stake in TIM Participacoes by 15.4% during the 2nd quarter. Aperio Group LLC now owns 48,642 shares of the Wireless communications provider’s stock valued at $720,000 after purchasing an additional 6,486 shares in the last quarter. Hedge funds and other institutional investors own 16.48% of the company’s stock.

TSU has been the topic of a number of research analyst reports. TheStreet raised TIM Participacoes from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Barclays PLC reaffirmed a “buy” rating and set a $18.50 target price (up previously from $17.50) on shares of TIM Participacoes in a report on Thursday, July 27th. Deutsche Bank AG raised TIM Participacoes from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Wednesday, July 26th. BidaskClub raised TIM Participacoes from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TIM Participacoes currently has a consensus rating of “Buy” and an average target price of $18.90.

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TIM Participacoes S.A. (NYSE TSU) opened at 18.45 on Thursday. TIM Participacoes S.A. has a 12-month low of $11.17 and a 12-month high of $19.20. The company has a market cap of $8.93 billion, a P/E ratio of 31.54 and a beta of 1.53. The firm’s 50-day moving average price is $17.90 and its 200-day moving average price is $16.21.

About TIM Participacoes

TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.

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

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