Ritholtz Wealth Management raised its holdings in shares of TIM Participações S.A. (NYSE:TSU) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,750 shares of the Wireless communications provider’s stock after acquiring an additional 3,909 shares during the quarter. Ritholtz Wealth Management’s holdings in TIM Participações were worth $239,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of TSU. Wellington Management Group LLP bought a new position in shares of TIM Participações during the 1st quarter worth approximately $363,000. Two Sigma Investments LP bought a new position in shares of TIM Participações in the first quarter valued at $373,000. APG Asset Management N.V. bought a new position in shares of TIM Participações in the first quarter valued at $372,000. Advisor Group Holdings Inc. bought a new position in shares of TIM Participações in the first quarter valued at $78,000. Finally, Voloridge Investment Management LLC bought a new position in shares of TIM Participações in the first quarter valued at $169,000. 8.91% of the stock is owned by institutional investors.
TSU traded up $0.04 during trading on Monday, hitting $12.28. The company’s stock had a trading volume of 7,573 shares, compared to its average volume of 1,140,724. TIM Participações S.A. has a twelve month low of $10.28 and a twelve month high of $20.32. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $12.61 and its 200-day moving average price is $12.97. The firm has a market capitalization of $5.95 billion, a P/E ratio of 14.45 and a beta of 1.01.
TIM Participações (NYSE:TSU) last issued its quarterly earnings results on Thursday, July 30th. The Wireless communications provider reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. TIM Participações had a return on equity of 8.28% and a net margin of 10.51%. The firm had revenue of $743.60 million for the quarter, compared to analyst estimates of $743.83 million. Equities research analysts expect that TIM Participações S.A. will post 0.44 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Monday, December 7th. Shareholders of record on Wednesday, October 21st will be paid a $0.1841 dividend. The ex-dividend date is Tuesday, October 20th. This is a positive change from TIM Participações’s previous annual dividend of $0.06. This represents a yield of 3.1%. TIM Participações’s payout ratio is 8.74%.
Several research firms recently weighed in on TSU. Barclays raised their target price on shares of TIM Participações from $14.50 to $15.50 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. ValuEngine downgraded TIM Participações from a “hold” rating to a “sell” rating in a report on Thursday, October 1st. CIBC began coverage on TIM Participações in a report on Wednesday, October 14th. They set an “outperformer” rating and a $110.00 price target for the company. Finally, BMO Capital Markets lifted their target price on TIM Participações from $62.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.25.
About TIM Participações
TIM SA /BR/ engages in providing mobile telephony, internet, and media telecommunication services. The company is headquartered in Rio de Janeiro, Brazil.
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