Numeric Investors LLC Has $8.54 Million Holdings in TIM Participacoes S.A. (TSU)
Numeric Investors LLC reduced its position in TIM Participacoes S.A. (NYSE:TSU) by 52.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 577,011 shares of the Wireless communications provider’s stock after selling 627,613 shares during the quarter. Numeric Investors LLC owned about 0.12% of TIM Participacoes worth $8,540,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its position in shares of TIM Participacoes by 3.6% during the second quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock worth $117,000 after purchasing an additional 272 shares in the last quarter. CIBC World Markets Inc. lifted its holdings in shares of 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 during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of TIM Participacoes by 135.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,928 shares of the Wireless communications provider’s stock valued at $198,000 after purchasing an additional 8,000 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of TIM Participacoes during the 2nd quarter valued at $256,000. Finally, AXA purchased a new stake in shares of TIM Participacoes during the 1st quarter valued at $329,000. 16.48% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts have recently weighed in on the company. Barclays PLC reissued a “buy” rating and issued a $18.50 price objective (up previously from $17.50) on shares of TIM Participacoes in a research report on Thursday, July 27th. BidaskClub lowered TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. 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 research report on Friday, August 4th. Royal Bank Of Canada set a $16.00 price target on TIM Participacoes and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price target on shares of TIM Participacoes in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.90.
Shares of TIM Participacoes S.A. (TSU) opened at 18.28 on Monday. The firm has a market capitalization of $8.85 billion, a P/E ratio of 31.25 and a beta of 1.55. TIM Participacoes S.A. has a 1-year low of $11.17 and a 1-year high of $19.20. The stock’s 50 day moving average is $17.90 and its 200 day moving average is $16.21.
TIM Participacoes Profile
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.
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