TIM Participacoes S.A. (NYSE:TSU) Shares Bought by Harel Insurance Investments & Financial Services Ltd.
Harel Insurance Investments & Financial Services Ltd. raised its stake in TIM Participacoes S.A. (NYSE:TSU) by 135.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 13,928 shares of the Wireless communications provider’s stock after buying an additional 8,000 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in TIM Participacoes were worth $198,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in TSU. Credit Suisse AG boosted its stake in shares of TIM Participacoes by 101.8% in the first quarter. Credit Suisse AG now owns 8,438,870 shares of the Wireless communications provider’s stock valued at $134,852,000 after buying an additional 4,257,537 shares during the last quarter. Axiom International Investors LLC DE acquired a new stake in shares of TIM Participacoes during the first quarter valued at approximately $53,256,000. Acadian Asset Management LLC boosted its stake in shares of TIM Participacoes by 10,668.2% in the first quarter. Acadian Asset Management LLC now owns 2,008,162 shares of the Wireless communications provider’s stock valued at $32,090,000 after buying an additional 1,989,513 shares during the last quarter. Morgan Stanley boosted its stake in shares of TIM Participacoes by 365.5% in the first quarter. Morgan Stanley now owns 2,046,700 shares of the Wireless communications provider’s stock valued at $32,706,000 after buying an additional 1,607,060 shares during the last quarter. Finally, Permian Investment Partners LP acquired a new stake in shares of TIM Participacoes during the first quarter valued at approximately $17,405,000. Institutional investors own 19.49% of the company’s stock.
TIM Participacoes S.A. (TSU) opened at 17.41 on Friday. TIM Participacoes S.A. has a 12-month low of $11.17 and a 12-month high of $17.71. The company has a 50-day moving average price of $16.02 and a 200 day moving average price of $15.64. The company has a market cap of $8.43 billion, a PE ratio of 29.26 and a beta of 1.52.
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TSU has been the topic of several research analyst reports. Zacks Investment Research cut TIM Participacoes from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Deutsche Bank AG upgraded TIM Participacoes from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Wednesday, July 26th. Barclays PLC increased their target price on TIM Participacoes from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, May 2nd. J P Morgan Chase & Co upgraded TIM Participacoes from a “neutral” rating to an “overweight” rating in a report on Thursday, May 25th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $16.00 target price on shares of TIM Participacoes in a report on Wednesday, May 3rd. 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 given a strong buy rating to the stock. TIM Participacoes has a consensus rating of “Buy” and an average target price of $18.18.
About TIM Participacoes
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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