TIM Participacoes S.A. (NYSE:TSU) Position Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in TIM Participacoes S.A. (NYSE:TSU) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 653,347 shares of the Wireless communications provider’s stock after selling 93,592 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of TIM Participacoes worth $9,670,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Profund Advisors LLC acquired a new position in shares of TIM Participacoes in the 2nd quarter valued at $402,000. Dorsey Wright & Associates acquired a new position in shares of TIM Participacoes in the 2nd quarter valued at $1,119,000. CIBC World Markets Inc. increased its holdings in shares of TIM Participacoes by 1.9% in the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock valued at $191,000 after acquiring an additional 236 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of TIM Participacoes by 2.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 37,993 shares of the Wireless communications provider’s stock valued at $562,000 after acquiring an additional 993 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of TIM Participacoes by 358.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,300 shares of the Wireless communications provider’s stock valued at $848,000 after acquiring an additional 44,800 shares during the period. 16.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of TIM Participacoes S.A. (NYSE:TSU) opened at 19.08 on Wednesday. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 32.62 and a beta of 1.55. The company has a 50 day moving average of $18.39 and a 200 day moving average of $16.56. TIM Participacoes S.A. has a 52-week low of $11.17 and a 52-week high of $19.20.

Several equities analysts have issued reports on TSU shares. BidaskClub raised shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Deutsche Bank AG raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $20.00 in a research note on Wednesday, July 26th. TheStreet upgraded shares of TIM Participacoes from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. Zacks Investment Research lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley restated an “overweight” rating and set a $20.00 target price on shares of TIM Participacoes in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. TIM Participacoes has a consensus rating of “Buy” and an average target price of $19.20.

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TIM Participacoes 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.

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

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