Point72 Asset Management L.P. Takes Position in TIM Participacoes SA (TSU)

Point72 Asset Management L.P. acquired a new position in shares of TIM Participacoes SA (NYSE:TSU) in the first quarter, HoldingsChannel reports. The firm acquired 94,294 shares of the Wireless communications provider’s stock, valued at approximately $2,043,000.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of TIM Participacoes 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 buying an additional 1,219,843 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of TIM Participacoes during the 4th quarter worth about $1,572,000. Sei Investments Co. boosted its stake in shares of TIM Participacoes by 91.2% during the 4th quarter. Sei Investments Co. now owns 384,428 shares of the Wireless communications provider’s stock worth $7,423,000 after buying an additional 183,410 shares during the last quarter. Jane Street Group LLC lifted its stake in TIM Participacoes by 60.3% in the 4th quarter. Jane Street Group LLC now owns 80,996 shares of the Wireless communications provider’s stock valued at $1,602,000 after purchasing an additional 30,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in TIM Participacoes by 4.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,582,896 shares of the Wireless communications provider’s stock valued at $30,566,000 after purchasing an additional 64,390 shares during the last quarter. Institutional investors own 14.72% of the company’s stock.

Shares of TSU stock opened at $17.08 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 1.04. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.71 and a beta of 1.32. TIM Participacoes SA has a 12-month low of $14.42 and a 12-month high of $23.11.

TIM Participacoes (NYSE:TSU) last issued its quarterly earnings data on Tuesday, May 8th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $1.27 billion during the quarter. TIM Participacoes had a net margin of 8.20% and a return on equity of 7.45%. sell-side analysts anticipate that TIM Participacoes SA will post 1.01 EPS for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Tuesday, June 26th. Shareholders of record on Monday, April 30th will be given a dividend of $0.0626 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a yield of 0.28%. TIM Participacoes’s dividend payout ratio (DPR) is presently 10.00%.

Several brokerages recently issued reports on TSU. Royal Bank of Canada set a $22.00 target price on shares of TIM Participacoes and gave the company a “hold” rating in a research note on Friday, March 9th. Barclays raised their target price on shares of TIM Participacoes from $22.00 to $22.50 and gave the company an “overweight” rating in a research note on Monday, April 16th. Goldman Sachs Group began coverage on shares of TIM Participacoes in a research note on Tuesday, April 3rd. They issued a “buy” rating for the company. Citigroup downgraded shares of TIM Participacoes from a “buy” rating to a “neutral” rating in a research note on Thursday, May 10th. Finally, Zacks Investment Research downgraded shares of TIM Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.17.

TIM Participacoes Company Profile

TIM Participações SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

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

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