GAMMA Investing LLC Purchases 46,007 Shares of TIM S.A. Sponsored ADR (NYSE:TIMB)

GAMMA Investing LLC boosted its holdings in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) by 3,331.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,388 shares of the company's stock after purchasing an additional 46,007 shares during the quarter. GAMMA Investing LLC's holdings in TIM were worth $742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TIMB. Global Retirement Partners LLC raised its position in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after buying an additional 2,211 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of TIM in the 4th quarter valued at approximately $54,000. EntryPoint Capital LLC acquired a new position in shares of TIM in the 4th quarter valued at approximately $146,000. Vise Technologies Inc. acquired a new position in shares of TIM in the 4th quarter valued at approximately $200,000. Finally, Banco BTG Pactual S.A. acquired a new position in shares of TIM in the 4th quarter valued at approximately $220,000.

TIM Trading Up 0.7%

TIMB traded up $0.14 during trading on Friday, reaching $19.38. 384,213 shares of the company's stock were exchanged, compared to its average volume of 511,498. TIM S.A. Sponsored ADR has a one year low of $11.32 and a one year high of $19.53. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $9.38 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.88 and a beta of 0.60. The firm has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $14.89.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. TIM had a net margin of 13.30% and a return on equity of 13.17%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. As a group, equities research analysts forecast that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, May 23rd will be paid a $0.1086 dividend. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 23rd. TIM's dividend payout ratio is currently 68.80%.

Analysts Set New Price Targets

TIMB has been the subject of a number of research analyst reports. HSBC cut shares of TIM to a "hold" rating in a research report on Friday, June 13th. Barclays set a $17.50 price objective on shares of TIM in a research report on Wednesday, May 7th. Wall Street Zen cut shares of TIM from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 15th. The Goldman Sachs Group upped their price objective on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Finally, Hsbc Global Res cut shares of TIM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $17.33.

TIM Profile

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.