OLD Mission Capital LLC purchased a new stake in TIM Brasil (NYSE:TSU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,689 shares of the Wireless communications provider’s stock, valued at approximately $1,307,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in TIM Brasil by 29.8% during the 4th quarter. BlackRock Inc. now owns 5,308,568 shares of the Wireless communications provider’s stock worth $102,508,000 after purchasing an additional 1,219,843 shares in the last quarter. Renaissance Technologies LLC grew its position in TIM Brasil by 77.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,075,200 shares of the Wireless communications provider’s stock worth $40,072,000 after purchasing an additional 907,300 shares in the last quarter. Tremblant Capital Group grew its position in TIM Brasil by 15.1% during the 3rd quarter. Tremblant Capital Group now owns 4,618,379 shares of the Wireless communications provider’s stock worth $84,424,000 after purchasing an additional 604,161 shares in the last quarter. Russell Investments Group Ltd. grew its position in TIM Brasil by 35.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,897 shares of the Wireless communications provider’s stock worth $20,251,000 after purchasing an additional 292,830 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP purchased a new position in TIM Brasil during the 4th quarter worth approximately $3,737,000. 14.99% of the stock is currently owned by institutional investors.
TIM Brasil stock opened at $21.49 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.05. TIM Brasil has a 12 month low of $13.63 and a 12 month high of $22.73. The firm has a market cap of $10,391.06, a PE ratio of 26.86, a P/E/G ratio of 0.64 and a beta of 1.36.
TIM Brasil (NYSE:TSU) last posted its quarterly earnings results on Monday, February 5th. The Wireless communications provider reported $0.38 EPS for the quarter. TIM Brasil had a net margin of 7.56% and a return on equity of 6.90%. The business had revenue of $1.31 billion for the quarter. equities analysts expect that TIM Brasil will post 1.01 earnings per share for the current fiscal year.
Several equities analysts have weighed in on TSU shares. Deutsche Bank cut shares of TIM Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. UBS upgraded shares of TIM Brasil from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Santander upgraded shares of TIM Brasil from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada set a $20.00 price objective on shares of TIM Brasil and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, Goldman Sachs started coverage on shares of TIM Brasil in a research report on Tuesday. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.33.
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TIM Brasil 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.
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