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

Schonfeld Strategic Advisors LLC purchased a new position in Tim S.A. (NYSE:TIMB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,000 shares of the company's stock, valued at approximately $259,000.

A number of other institutional investors have also bought and sold shares of TIMB. Schroder Investment Management Group purchased a new position in shares of TIM during the fourth quarter valued at about $5,666,000. Renaissance Technologies LLC grew its position in shares of TIM by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock valued at $20,211,000 after purchasing an additional 283,002 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of TIM by 8.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock valued at $22,732,000 after purchasing an additional 152,061 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of TIM by 278.8% in the 4th quarter. Marshall Wace LLP now owns 178,023 shares of the company's stock valued at $2,094,000 after acquiring an additional 131,023 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of TIM by 127.4% in the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock valued at $1,703,000 after acquiring an additional 81,136 shares during the last quarter.

TIM Trading Up 0.6%

Shares of NYSE:TIMB traded up $0.10 during trading on Friday, reaching $17.41. The company's stock had a trading volume of 217,840 shares, compared to its average volume of 508,322. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $8.43 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. Tim S.A. has a 12 month low of $11.32 and a 12 month high of $17.83. The firm's 50 day simple moving average is $15.77 and its two-hundred day simple moving average is $14.19.

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

TIM Dividend Announcement

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

Analyst Ratings Changes

TIMB has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a report on Wednesday, April 30th. Scotiabank lowered their price target on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a report on Wednesday, February 12th. Finally, Barclays set a $17.50 price target on shares of TIM in a report on Wednesday, May 7th.

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.