TIM Participacoes SA (TSU) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of TIM Participacoes SA (NYSE:TSU) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,244,640 shares of the Wireless communications provider’s stock after selling 335,588 shares during the period. Russell Investments Group Ltd.’s holdings in TIM Participacoes were worth $18,346,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Atria Investments LLC grew its position in TIM Participacoes by 33.6% in the second quarter. Atria Investments LLC now owns 12,440 shares of the Wireless communications provider’s stock valued at $210,000 after purchasing an additional 3,127 shares in the last quarter. Wells Fargo & Company MN grew its position in TIM Participacoes by 93.8% in the first quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock valued at $152,000 after purchasing an additional 3,392 shares in the last quarter. State of Wisconsin Investment Board grew its position in TIM Participacoes by 3.1% in the second quarter. State of Wisconsin Investment Board now owns 182,189 shares of the Wireless communications provider’s stock valued at $3,072,000 after purchasing an additional 5,424 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in TIM Participacoes by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 78,817 shares of the Wireless communications provider’s stock valued at $1,142,000 after purchasing an additional 5,443 shares in the last quarter. Finally, Sei Investments Co. grew its position in TIM Participacoes by 2.1% in the second quarter. Sei Investments Co. now owns 450,378 shares of the Wireless communications provider’s stock valued at $7,593,000 after purchasing an additional 9,150 shares in the last quarter. Institutional investors and hedge funds own 14.67% of the company’s stock.

A number of research analysts recently weighed in on TSU shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $17.50 target price on shares of TIM Participacoes in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, August 15th. ValuEngine raised shares of TIM Participacoes from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 2nd. Barclays set a $19.00 price objective on shares of TIM Participacoes and gave the company a “hold” rating in a research report on Thursday. Finally, Credit Suisse Group raised shares of TIM Participacoes from a “neutral” rating to an “outperform” rating in a research report on Monday, August 20th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TIM Participacoes presently has a consensus rating of “Hold” and an average target price of $18.63.

Shares of TSU opened at $15.83 on Friday. TIM Participacoes SA has a one year low of $13.82 and a one year high of $23.11. The stock has a market capitalization of $8.04 billion, a PE ratio of 19.79, a PEG ratio of 0.91 and a beta of 1.00. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.23.

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About TIM Participacoes

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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