TIM Participacoes SA (NYSE:TSU) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 766,019 shares, a drop of 37.2% from the July 31st total of 1,220,422 shares. Based on an average daily volume of 1,137,641 shares, the days-to-cover ratio is presently 0.7 days.

NYSE:TSU traded down $0.11 on Friday, hitting $14.08. 1,157,852 shares of the stock were exchanged, compared to its average volume of 898,672. The stock has a market capitalization of $7.02 billion, a P/E ratio of 15.93, a P/E/G ratio of 0.66 and a beta of 1.37. TIM Participacoes has a 52 week low of $13.82 and a 52 week high of $23.11. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.23.

The business also recently declared a special dividend, which was paid on Thursday, August 23rd. Stockholders of record on Monday, July 30th were paid a $0.1293 dividend. The ex-dividend date of this dividend was Friday, July 27th. This is a boost from TIM Participacoes’s previous special dividend of $0.12. This represents a dividend yield of 0.34%. TIM Participacoes’s dividend payout ratio is 10.00%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. HSBC upgraded shares of TIM Participacoes from a “reduce” rating to a “hold” rating in a research note on Thursday, August 9th. Barclays decreased 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 note on Monday, July 23rd. ValuEngine downgraded shares of TIM Participacoes from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, TheStreet downgraded shares of TIM Participacoes from a “b” rating to a “c+” rating in a research note on Monday, June 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.38.

Several hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of TIM Participacoes in the 2nd quarter valued at about $218,000. Banco de Sabadell S.A acquired a new position in shares of TIM Participacoes in the 2nd quarter valued at approximately $808,000. Point72 Europe London LLP grew its position in shares of TIM Participacoes by 55.1% in the 2nd quarter. Point72 Europe London LLP now owns 248,678 shares of the Wireless communications provider’s stock valued at $4,193,000 after purchasing an additional 88,378 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of TIM Participacoes by 258.4% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 38,962 shares of the Wireless communications provider’s stock valued at $657,000 after purchasing an additional 28,090 shares during the period. Finally, AMP Capital Investors Ltd acquired a new position in shares of TIM Participacoes in the 2nd quarter valued at approximately $3,546,000. 14.93% of the stock is owned by institutional investors.

About TIM Participacoes

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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