Millennium Management LLC decreased its holdings in shares of TIM Participacoes SA (NYSE:TSU) by 51.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 255,284 shares of the Wireless communications provider’s stock after selling 271,658 shares during the period. Millennium Management LLC owned approximately 0.05% of TIM Participacoes worth $3,916,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TSU. Citigroup Inc. bought a new stake in TIM Participacoes during the fourth quarter valued at $30,000. Financial Gravity Companies Inc. bought a new stake in TIM Participacoes during the fourth quarter valued at $50,000. Atlas Capital Advisors LLC bought a new stake in TIM Participacoes during the fourth quarter valued at $60,000. Federated Investors Inc. PA bought a new stake in TIM Participacoes during the third quarter valued at $77,000. Finally, Bank of New York Mellon Corp bought a new stake in TIM Participacoes during the fourth quarter valued at $161,000. 15.09% of the stock is owned by institutional investors.
NYSE TSU opened at $15.03 on Thursday. TIM Participacoes SA has a twelve month low of $13.82 and a twelve month high of $23.11. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.14. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 10.97 and a beta of 0.93.
Several equities research analysts recently issued reports on the company. Credit Suisse Group lowered TIM Participacoes from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 10th. Zacks Investment Research lowered TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Saturday, February 2nd. Barclays reissued a “hold” rating and set a $19.00 price objective on shares of TIM Participacoes in a research note on Monday, February 4th. Finally, New Street Research lowered TIM Participacoes from a “buy” rating to a “neutral” rating in a research note on Friday, January 25th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.83.
TIM Participacoes 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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