South Texas Money Management LTD Has Boosted Macy’s (M) Stake, Tim Participacoes SA (TSU) Shorts Decreased By 15.94%

June 27, 2017 - By Dolores Ford

Tim Participacoes SA (NYSE:TSU) had a decrease of 15.94% in short interest. TSU’s SI was 2.48 million shares in June as released by FINRA. Its down 15.94% from 2.95 million shares previously. With 1.16M avg volume, 2 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 1.53%. About 498,365 shares traded. TIM Participacoes SA (ADR) (NYSE:TSU) has risen 48.97% since June 27, 2016 and is uptrending. It has outperformed by 32.27% the S&P500.

South Texas Money Management Ltd increased Macy’s Inc (M) stake by 180.81% reported in 2016Q4 SEC filing. South Texas Money Management Ltd acquired 407,447 shares as Macy’s Inc (M)’s stock declined 28.76%. The South Texas Money Management Ltd holds 632,787 shares with $22.66M value, up from 225,340 last quarter. Macy’s Inc now has $7.09B valuation. The stock rose 2.67% or $0.6 reaching $23.07 per share. About 6.76 million shares traded. Macy’s Inc (NYSE:M) has declined 25.46% since June 27, 2016 and is downtrending. It has underperformed by 42.16% the S&P500.

South Texas Money Management Ltd decreased 3M Co (NYSE:MMM) stake by 2,874 shares to 120,211 valued at $21.47 million in 2016Q4. It also reduced American Eagle Outfitters (NYSE:AEO) stake by 49,112 shares and now owns 1.67 million shares. Apple Inc (NASDAQ:AAPL) was reduced too.

Among 30 analysts covering Macy’s Inc. (NYSE:M), 6 have Buy rating, 1 Sell and 23 Hold. Therefore 20% are positive. Macy’s Inc. had 74 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, September 10 the stock rating was upgraded by Atlantic Securities to “Neutral”. The firm has “Neutral” rating by Gilford Securities given on Wednesday, September 9. Barclays Capital maintained it with “Underweight” rating and $36 target in Wednesday, February 24 report. The stock of Macy’s Inc (NYSE:M) has “Buy” rating given on Saturday, August 15 by Macquarie Research. As per Friday, August 12, the company rating was maintained by Goldman Sachs. The company was downgraded on Thursday, November 12 by Evercore. The stock has “Sell” rating by Gilford Securities on Tuesday, July 28. As per Friday, June 16, the company rating was maintained by Guggenheim. The company was maintained on Friday, May 12 by Telsey Advisory Group. The firm earned “Outperform” rating on Thursday, November 12 by Credit Suisse.

TIM Participacoes S.A. is a provider of mobile telecommunication services in Brazil. The company has market cap of $7.18 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 30.64 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.

Among 6 analysts covering TIM Participacoes (NYSE:TSU), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. TIM Participacoes had 15 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, July 27, the company rating was maintained by Barclays Capital. On Monday, October 17 the stock rating was upgraded by Barclays Capital to “Overweight”. Barclays Capital downgraded the shares of TSU in report on Tuesday, October 6 to “Equal-Weight” rating. Bank of America downgraded the shares of TSU in report on Friday, August 21 to “Neutral” rating. The firm has “Buy” rating by Bank of America given on Tuesday, July 26. As per Monday, January 23, the company rating was upgraded by Morgan Stanley. On Friday, May 26 the stock rating was upgraded by JP Morgan to “Overweight”. As per Friday, December 18, the company rating was downgraded by Goldman Sachs. The firm has “Neutral” rating by JP Morgan given on Wednesday, August 5.