Macquarie Group Ltd. reduced its holdings in TIM Brasil (NYSE:TSU) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,750,984 shares of the Wireless communications provider’s stock after selling 589,421 shares during the quarter. Macquarie Group Ltd. owned approximately 0.98% of TIM Brasil worth $91,737,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TSU. Asset Management One Co. Ltd. grew its holdings in TIM Brasil by 75.0% in the third quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 3,000 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of TIM Brasil in the fourth quarter valued at $144,000. Janney Montgomery Scott LLC bought a new position in shares of TIM Brasil in the third quarter valued at $202,000. Trexquant Investment LP bought a new position in shares of TIM Brasil in the third quarter valued at $261,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of TIM Brasil in the fourth quarter valued at $276,000. Hedge funds and other institutional investors own 14.99% of the company’s stock.
TIM Brasil stock traded down $0.29 during mid-day trading on Friday, hitting $21.49. 731,009 shares of the company traded hands, compared to its average volume of 974,644. The firm has a market cap of $10,405.59, a PE ratio of 26.86, a PEG ratio of 0.64 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.04. TIM Brasil has a one year low of $13.63 and a one year high of $22.73.
TIM Brasil (NYSE:TSU) last announced its quarterly earnings data on Monday, February 5th. The Wireless communications provider reported $0.38 earnings per share for the quarter. TIM Brasil had a net margin of 7.56% and a return on equity of 6.90%. The firm had revenue of $1.31 billion during the quarter. research analysts anticipate that TIM Brasil will post 1.01 earnings per share for the current year.
A number of research analysts recently weighed in on TSU shares. Zacks Investment Research raised shares of TIM Brasil from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, January 12th. Santander upgraded shares of TIM Brasil from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Goldman Sachs assumed coverage on shares of TIM Brasil in a report on Tuesday, April 3rd. They set a “buy” rating for the company. Royal Bank of Canada set a $22.00 price objective on shares of TIM Brasil and gave the stock a “hold” rating in a report on Friday, March 9th. Finally, Scotiabank set a $22.00 target price on shares of TIM Brasil and gave the stock a “hold” rating in a research note on Monday, February 5th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average 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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