Russell Investments Group Ltd. grew its position in shares of TIM Participacoes SA (NYSE:TSU) by 181.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,580,228 shares of the Wireless communications provider’s stock after purchasing an additional 1,018,246 shares during the quarter. Russell Investments Group Ltd. owned about 0.33% of TIM Participacoes worth $26,419,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in TIM Participacoes by 93.8% during the 1st quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock worth $152,000 after purchasing an additional 3,392 shares during the last quarter. Atria Investments LLC raised its holdings in TIM Participacoes by 33.6% during the 2nd quarter. Atria Investments LLC now owns 12,440 shares of the Wireless communications provider’s stock worth $210,000 after purchasing an additional 3,127 shares during the last quarter. Stevens Capital Management LP bought a new position in TIM Participacoes during the 1st quarter worth approximately $615,000. Banco BTG Pactual S.A. bought a new position in TIM Participacoes during the 1st quarter worth approximately $343,000. Finally, Quantitative Systematic Strategies LLC raised its holdings in TIM Participacoes by 17.3% during the 1st quarter. Quantitative Systematic Strategies LLC now owns 16,756 shares of the Wireless communications provider’s stock worth $363,000 after purchasing an additional 2,471 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Several research firms have issued reports on TSU. Barclays lowered shares of TIM Participacoes from an “overweight” rating to an “equal weight” rating and set a $21.00 price target for the company. in a report on Friday, May 11th. Zacks Investment Research lowered shares of TIM Participacoes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 2nd. HSBC upgraded shares of TIM Participacoes from a “reduce” rating to a “hold” rating in a research note on Thursday, August 9th. TheStreet lowered shares of TIM Participacoes from a “b” rating to a “c+” rating in a research note on Monday, June 11th. Finally, Citigroup lowered shares of TIM Participacoes from a “buy” rating to a “neutral” rating in a research note on Thursday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.38.

NYSE:TSU opened at $14.73 on Friday. The firm has a market capitalization of $7.19 billion, a PE ratio of 17.27, a P/E/G ratio of 0.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.03. TIM Participacoes SA has a twelve month low of $14.30 and a twelve month high of $23.11.

The business also recently disclosed a special dividend, which was paid on Thursday, August 23rd. Stockholders of record on Monday, July 30th were paid a $0.1293 dividend. The ex-dividend date was Friday, July 27th. This represents a dividend yield of 0.34%. This is a positive change from TIM Participacoes’s previous special dividend of $0.12. TIM Participacoes’s payout ratio is currently 10.00%.

About TIM Participacoes

TIM ParticipaƧƵes 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.

Featured Story: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding TSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TIM Participacoes SA (NYSE:TSU).

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

Receive News & Ratings for TIM Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.