Dynamic Technology Lab Private Ltd Reduced Holding in TIM Participacoes SA (TSU)

Dynamic Technology Lab Private Ltd Reduced Holding in TIM Participacoes SA (TSU)

Dynamic Technology Lab Private Ltd cut its position in shares of TIM Participacoes SA (NYSE:TSU) by 48.4% during the first quarter, Holdings Channel reports. The institutional investor owned 27,929 shares of the Wireless communications provider’s stock after selling 26,182 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in TIM Participacoes SA were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prince Street Capital Management LLC purchased a new position in shares of TIM Participacoes SA during the third quarter worth $2,852,000. HBK Investments L P raised its position in shares of TIM Participacoes SA by 56.3% in the third quarter. HBK Investments L P now owns 36,300 shares of the Wireless communications provider’s stock worth $444,000 after buying an additional 13,072 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of TIM Participacoes SA during the fourth quarter worth $11,237,000. Comerica Bank raised its position in shares of TIM Participacoes SA by 12.1% in the fourth quarter. Comerica Bank now owns 28,412 shares of the Wireless communications provider’s stock worth $370,000 after buying an additional 3,060 shares in the last quarter. Finally, State Street Corp raised its position in shares of TIM Participacoes SA by 9.4% in the fourth quarter. State Street Corp now owns 375,146 shares of the Wireless communications provider’s stock worth $4,426,000 after buying an additional 32,085 shares in the last quarter. 19.26% of the stock is currently owned by institutional investors and hedge funds.

TIM Participacoes SA (TSU) traded up 1.174% during mid-day trading on Friday, reaching $15.075. The company had a trading volume of 404,372 shares. The firm’s 50 day moving average price is $15.80 and its 200-day moving average price is $14.51. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 32.772 and a beta of 1.64. TIM Participacoes SA has a 12 month low of $9.15 and a 12 month high of $16.81.

The company also recently declared an annual dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, April 24th will be paid a dividend of $0.079 per share. This represents a dividend yield of 0.62%. The ex-dividend date is Thursday, April 20th. TIM Participacoes SA’s dividend payout ratio (DPR) is 54.35%.

Several analysts recently commented on TSU shares. Citigroup Inc raised TIM Participacoes SA from a “neutral” rating to a “buy” rating in a report on Monday, February 13th. JPMorgan Chase & Co. raised TIM Participacoes SA from a “neutral” rating to an “overweight” rating in a report on Thursday, May 25th. Barclays PLC raised their target price on TIM Participacoes SA from $16.50 to $17.00 and gave the stock a “buy” rating in a report on Monday, February 6th. Royal Bank of Canada set a $15.00 target price on TIM Participacoes SA and gave the stock a “hold” rating in a report on Tuesday, February 7th. Finally, Zacks Investment Research lowered TIM Participacoes SA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. TIM Participacoes SA has an average rating of “Buy” and an average price target of $17.35.

About TIM Participacoes SA

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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