Amf Pensionsforsakring Ab Has Raised Cdn Imperial Bk Comm Toronto (CM) Stake By $1.41 Million; Tim Participacoes SA (TSU) Shorts Raised By 8.65%

August 22, 2017 - By Clifton Ray

Tim Participacoes SA (NYSE:TSU) had an increase of 8.65% in short interest. TSU’s SI was 1.85M shares in August as released by FINRA. Its up 8.65% from 1.70M shares previously. With 738,800 avg volume, 3 days are for Tim Participacoes SA (NYSE:TSU)’s short sellers to cover TSU’s short positions. The SI to Tim Participacoes SA’s float is 1.15%. About 389,353 shares traded. TIM Participacoes SA (ADR) (NYSE:TSU) has risen 48.97% since August 22, 2016 and is uptrending. It has outperformed by 32.27% the S&P500.

Amf Pensionsforsakring Ab increased Cdn Imperial Bk Comm Toronto (CM) stake by 4.67% reported in 2016Q4 SEC filing. Amf Pensionsforsakring Ab acquired 17,420 shares as Cdn Imperial Bk Comm Toronto (CM)’s stock declined 11.35%. The Amf Pensionsforsakring Ab holds 390,816 shares with $31.93M value, up from 373,396 last quarter. Cdn Imperial Bk Comm Toronto now has $37.11B valuation. The stock rose 0.09% or $0.08 reaching $84.99 per share. About 114,543 shares traded. Canadian Imperial Bank of Commerce (USA) (NYSE:CM) has risen 2.52% since August 22, 2016 and is uptrending. It has underperformed by 14.18% the S&P500.

Among 6 analysts covering TIM Participacoes (NYSE:TSU), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. TIM Participacoes had 18 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, May 26 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was maintained by Barclays Capital with “Equalweight” on Wednesday, July 27. As per Monday, January 23, the company rating was upgraded by Morgan Stanley. The stock of TIM Participacoes SA (ADR) (NYSE:TSU) has “Equal-Weight” rating given on Tuesday, October 6 by Barclays Capital. The stock of TIM Participacoes SA (ADR) (NYSE:TSU) has “Buy” rating given on Tuesday, July 26 by Bank of America. The stock has “Neutral” rating by Bank of America on Friday, August 21. Barclays Capital upgraded the shares of TSU in report on Monday, October 17 to “Overweight” rating. On Monday, July 31 the stock rating was maintained by RBC Capital Markets with “Hold”. Goldman Sachs downgraded the stock to “Sell” rating in Friday, December 18 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 27.

TIM Participacoes S.A. is a provider of mobile telecommunication services in Brazil. The company has market cap of $8.91 billion. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. It has a 31.29 P/E ratio. The Company’s direct subsidiaries include TIM Celular S.A., 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.

Amf Pensionsforsakring Ab decreased Delta Air Lines Inc Del (NYSE:DAL) stake by 129,584 shares to 275,406 valued at $13.55M in 2016Q4. It also reduced United Rentals Inc (NYSE:URI) stake by 278,608 shares and now owns 149,051 shares. Amgen Inc (NASDAQ:AMGN) was reduced too.

Among 12 analysts covering Canadian Imperial Bank Of Commerce (NYSE:CM), 2 have Buy rating, 2 Sell and 8 Hold. Therefore 17% are positive. Canadian Imperial Bank Of Commerce had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, August 28. The rating was downgraded by TD Securities to “Hold” on Thursday, December 3. Canaccord Genuity maintained the shares of CM in report on Thursday, August 27 with “Hold” rating. Credit Suisse upgraded Canadian Imperial Bank of Commerce (USA) (NYSE:CM) on Thursday, August 27 to “Underperform” rating. As per Monday, September 21, the company rating was upgraded by Zacks. The firm has “Outperform” rating by BMO Capital Markets given on Friday, August 28. Zacks upgraded Canadian Imperial Bank of Commerce (USA) (NYSE:CM) on Tuesday, September 1 to “Strong Sell” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $104 target in Thursday, June 30 report. The company was upgraded on Monday, August 31 by Credit Suisse. The stock of Canadian Imperial Bank of Commerce (USA) (NYSE:CM) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Friday, February 24.