Comerica Bank reduced its position in shares of TIM Participacoes SA (NYSE:TSU) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,312 shares of the Wireless communications provider’s stock after selling 1,830 shares during the period. Comerica Bank’s holdings in TIM Participacoes SA were worth $437,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Boussard & Gavaudan Investment Management LLP increased its position in TIM Participacoes SA by 685.1% during the second quarter. Boussard & Gavaudan Investment Management LLP now owns 200,215 shares of the Wireless communications provider’s stock worth $2,921,000 after purchasing an additional 174,713 shares during the last quarter. Credit Suisse AG increased its position in TIM Participacoes SA by 101.8% during the first quarter. Credit Suisse AG now owns 8,438,870 shares of the Wireless communications provider’s stock worth $134,852,000 after purchasing an additional 4,257,537 shares during the last quarter. Morgan Stanley increased its position in TIM Participacoes SA by 365.5% during the first quarter. Morgan Stanley now owns 2,046,700 shares of the Wireless communications provider’s stock worth $32,706,000 after purchasing an additional 1,607,060 shares during the last quarter. UBS Group AG increased its position in TIM Participacoes SA by 140.9% during the first quarter. UBS Group AG now owns 38,445 shares of the Wireless communications provider’s stock worth $615,000 after purchasing an additional 22,483 shares during the last quarter. Finally, Bank of America Corp DE increased its position in TIM Participacoes SA by 95.9% during the first quarter. Bank of America Corp DE now owns 1,853,449 shares of the Wireless communications provider’s stock worth $29,617,000 after purchasing an additional 907,440 shares during the last quarter. Hedge funds and other institutional investors own 16.48% of the company’s stock.

Several research firms recently issued reports on TSU. Morgan Stanley restated an “overweight” rating and set a $20.00 price objective on shares of TIM Participacoes SA in a research report on Monday, August 14th. Zacks Investment Research raised shares of TIM Participacoes SA from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, August 4th. Royal Bank Of Canada set a $16.00 target price on shares of TIM Participacoes SA and gave the stock a “hold” rating in a research note on Monday, July 31st. TheStreet raised shares of TIM Participacoes SA from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $18.50 target price (up previously from $17.50) on shares of TIM Participacoes SA in a research note on Thursday, July 27th. One equities 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 issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.90.

TIM Participacoes SA (NYSE TSU) opened at 18.59 on Tuesday. TIM Participacoes SA has a 52 week low of $11.17 and a 52 week high of $19.20. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 31.78 and a beta of 1.53. The firm’s 50-day moving average is $17.90 and its 200 day moving average is $16.21.

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About TIM Participacoes SA

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

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