Daiwa Securities Group Inc. Acquires 30,800 Shares of TIM Participacoes S.A. (TSU)

Daiwa Securities Group Inc. grew its holdings in shares of TIM Participacoes S.A. (NYSE:TSU) by 28.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,400 shares of the Wireless communications provider’s stock after buying an additional 30,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in TIM Participacoes were worth $2,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Permian Investment Partners LP raised its position in TIM Participacoes by 149.1% in the 2nd quarter. Permian Investment Partners LP now owns 2,712,926 shares of the Wireless communications provider’s stock worth $40,151,000 after purchasing an additional 1,623,726 shares during the period. Acadian Asset Management LLC raised its position in TIM Participacoes by 65.4% in the 2nd quarter. Acadian Asset Management LLC now owns 3,321,315 shares of the Wireless communications provider’s stock worth $49,156,000 after purchasing an additional 1,313,153 shares during the period. OxFORD Asset Management LLP raised its position in TIM Participacoes by 48.7% in the 2nd quarter. OxFORD Asset Management LLP now owns 1,336,781 shares of the Wireless communications provider’s stock worth $19,784,000 after purchasing an additional 437,981 shares during the period. Pictet Asset Management Ltd. raised its position in TIM Participacoes by 24.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,032,926 shares of the Wireless communications provider’s stock worth $30,962,000 after purchasing an additional 398,239 shares during the period. Finally, Citadel Advisors LLC raised its position in TIM Participacoes by 951.8% in the 2nd quarter. Citadel Advisors LLC now owns 349,795 shares of the Wireless communications provider’s stock worth $5,177,000 after purchasing an additional 316,538 shares during the period. Hedge funds and other institutional investors own 16.69% of the company’s stock.

TIM Participacoes S.A. (NYSE TSU) opened at $17.52 on Friday. The company has a market cap of $8,701.18, a P/E ratio of 31.53, a PEG ratio of 1.19 and a beta of 1.51. TIM Participacoes S.A. has a 1 year low of $11.17 and a 1 year high of $19.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.31 and a current ratio of 1.31.

The business also recently announced a special dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.1199 per share. The ex-dividend date of this dividend is Thursday, November 16th. TIM Participacoes’s dividend payout ratio (DPR) is presently 12.28%.

TSU has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada set a $16.00 target price on shares of TIM Participacoes and gave the stock a “hold” rating in a research report on Monday, July 31st. Deutsche Bank AG raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.00 to $20.00 in a research report on Wednesday, July 26th. TheStreet raised shares of TIM Participacoes from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $18.50 target price (up from $17.50) on shares of TIM Participacoes in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. TIM Participacoes currently has a consensus rating of “Buy” and a consensus target price of $19.40.

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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.

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

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