Nomura Holdings Inc. bought a new position in shares of TIM Participacoes SA (NYSE:TSU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 65,736 shares of the company’s stock, valued at approximately $682,000.
Several other large investors also recently bought and sold shares of the stock. Paloma Partners Management Co bought a new stake in TIM Participacoes SA during the second quarter worth about $119,000. UBS Asset Management Americas Inc. raised its stake in TIM Participacoes SA by 3.5% in the first quarter. UBS Asset Management Americas Inc. now owns 11,966 shares of the company’s stock worth $132,000 after buying an additional 400 shares during the period. First Allied Advisory Services Inc. raised its stake in TIM Participacoes SA by 2.9% in the second quarter. First Allied Advisory Services Inc. now owns 13,375 shares of the company’s stock worth $141,000 after buying an additional 371 shares during the period. CIBC World Markets Inc. raised its stake in TIM Participacoes SA by 16.3% in the second quarter. CIBC World Markets Inc. now owns 14,717 shares of the company’s stock worth $155,000 after buying an additional 2,067 shares during the period. Finally, BlackRock Inc. raised its stake in TIM Participacoes SA by 12.8% in the first quarter. BlackRock Inc. now owns 15,085 shares of the company’s stock worth $167,000 after buying an additional 1,714 shares during the period.
Shares of TIM Participacoes SA (NYSE:TSU) opened at 12.13 on Tuesday. TIM Participacoes SA has a 52 week low of $7.08 and a 52 week high of $13.52. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 18.95 and a beta of 1.60. The firm’s 50-day moving average price is $12.68 and its 200-day moving average price is $11.23.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered TIM Participacoes SA from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. RBC Capital Markets lowered TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 5th. Barclays PLC raised their price objective on TIM Participacoes SA from $11.50 to $12.50 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Finally, Bank of America Corp. upgraded TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.33.
TIM Participacoes SA Company 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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