Schonfeld Strategic Advisors LLC Invests $259,000 in Tim S.A. (NYSE:TIMB)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Tim S.A. (NYSE:TIMB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,000 shares of the company's stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its position in TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares in the last quarter. R Squared Ltd purchased a new position in TIM during the fourth quarter worth $53,000. EntryPoint Capital LLC purchased a new position in TIM during the fourth quarter worth $146,000. Aprio Wealth Management LLC purchased a new position in TIM during the fourth quarter worth $194,000. Finally, Banco BTG Pactual S.A. purchased a new position in TIM during the fourth quarter worth $220,000.

Analysts Set New Price Targets

Several equities analysts recently commented on TIMB shares. Barclays set a $17.50 target price on TIM in a research note on Wednesday, May 7th. Scotiabank dropped their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group upped their target price on TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research note on Wednesday, April 30th.

TIM Trading Down 0.6%

TIM stock traded down $0.11 during trading on Monday, hitting $17.29. The company's stock had a trading volume of 249,889 shares, compared to its average volume of 507,486. The stock's fifty day moving average is $15.83 and its 200 day moving average is $14.21. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $17.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.67 and a beta of 0.62.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. As a group, equities research analysts predict that Tim S.A. will post 1.34 EPS for the current year.

TIM Announces Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.1086 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio is presently 68.00%.

About TIM

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies.