SG Americas Securities LLC decreased its holdings in shares of TIM Participacoes SA (NYSE:TSU) by 16.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 33,437 shares of the Wireless communications provider’s stock after selling 6,675 shares during the period. SG Americas Securities LLC’s holdings in TIM Participacoes were worth $646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in TIM Participacoes in the 3rd quarter valued at $202,000. Jane Street Group LLC grew its holdings in TIM Participacoes by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 50,542 shares of the Wireless communications provider’s stock valued at $924,000 after buying an additional 28,267 shares in the last quarter. Permian Investment Partners LP grew its holdings in shares of TIM Participacoes by 2.8% during the 3rd quarter. Permian Investment Partners LP now owns 2,789,081 shares of the Wireless communications provider’s stock worth $50,984,000 after purchasing an additional 76,155 shares during the period. Tremblant Capital Group grew its holdings in shares of TIM Participacoes by 15.1% during the 3rd quarter. Tremblant Capital Group now owns 4,618,379 shares of the Wireless communications provider’s stock worth $84,424,000 after purchasing an additional 604,161 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in shares of TIM Participacoes by 75.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 14.99% of the company’s stock.

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A number of equities analysts recently commented on the company. Barclays raised their target price on TIM Participacoes from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Scotiabank set a $22.00 price target on TIM Participacoes and gave the company a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research lowered TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Tuesday, February 6th. UBS Group raised TIM Participacoes from a “market perform” rating to an “outperform” rating in a research report on Friday, November 24th. Finally, Royal Bank of Canada set a $22.00 price target on TIM Participacoes and gave the stock a “hold” rating in a research note on Friday, March 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $21.33.

TIM Participacoes SA (NYSE TSU) opened at $22.33 on Friday. The stock has a market capitalization of $10,865.58, a price-to-earnings ratio of 28.63, a P/E/G ratio of 0.70 and a beta of 1.39. TIM Participacoes SA has a 1-year low of $13.63 and a 1-year high of $22.73. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.

TIM Participacoes (NYSE:TSU) last released its quarterly earnings results on Monday, February 5th. The Wireless communications provider reported $0.38 earnings per share for the quarter. The company had revenue of $1.31 billion during the quarter. TIM Participacoes had a return on equity of 6.90% and a net margin of 7.56%. analysts predict that TIM Participacoes SA will post 0.98 EPS for the current year.

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TIM Participacoes Company 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.

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

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