Daiwa Securities Group Inc. decreased its stake in TIM Participacoes SA (NYSE:TSU) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,500 shares of the Wireless communications provider’s stock after selling 12,750 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TIM Participacoes were worth $2,456,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in TIM Participacoes by 93.8% in the first quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock worth $152,000 after buying an additional 3,392 shares in the last quarter. Greenleaf Trust purchased a new stake in shares of TIM Participacoes during the second quarter worth about $192,000. Atria Investments LLC grew its position in shares of TIM Participacoes by 33.6% during the second quarter. Atria Investments LLC now owns 12,440 shares of the Wireless communications provider’s stock worth $210,000 after purchasing an additional 3,127 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of TIM Participacoes during the second quarter worth about $218,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of TIM Participacoes during the second quarter worth about $359,000. Institutional investors and hedge funds own 14.67% of the company’s stock.
Several research firms recently issued reports on TSU. ValuEngine upgraded TIM Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Barclays set a $19.00 target price on TIM Participacoes and gave the stock a “hold” rating in a research report on Thursday. HSBC upgraded TIM Participacoes from a “reduce” rating to a “hold” rating in a research report on Thursday, August 9th. Royal Bank of Canada reiterated a “hold” rating and set a $17.50 target price on shares of TIM Participacoes in a research report on Tuesday, July 31st. Finally, Zacks Investment Research cut TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.63.
Shares of TIM Participacoes stock opened at $16.11 on Friday. TIM Participacoes SA has a 12 month low of $13.82 and a 12 month high of $23.11. The company has a market cap of $8.04 billion, a P/E ratio of 20.14, a PEG ratio of 0.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.03.
ILLEGAL ACTIVITY WARNING: “Daiwa Securities Group Inc. Has $2.46 Million Holdings in TIM Participacoes SA (TSU)” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/11/10/daiwa-securities-group-inc-has-2-46-million-holdings-in-tim-participacoes-sa-tsu.html.
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.
Want to see what other hedge funds are holding TSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TIM Participacoes SA (NYSE:TSU).
Receive News & Ratings for TIM Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.