Trexquant Investment LP Makes New Investment in TIM S.A. Sponsored ADR $TIMB

Trexquant Investment LP purchased a new position in shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,453 shares of the company's stock, valued at approximately $414,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of TIM by 119.3% during the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $47,000 after purchasing an additional 1,647 shares during the period. Brooklyn Investment Group purchased a new position in shares of TIM during the 1st quarter worth $50,000. Farther Finance Advisors LLC lifted its stake in shares of TIM by 30,036.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock worth $53,000 after purchasing an additional 3,304 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of TIM during the 4th quarter worth $54,000. Finally, SVB Wealth LLC acquired a new stake in shares of TIM during the 1st quarter worth $64,000.

TIM Stock Down 1.6%

Shares of NYSE TIMB opened at $21.00 on Tuesday. TIM S.A. Sponsored ADR has a 12-month low of $11.32 and a 12-month high of $21.57. The company has a market cap of $10.17 billion, a P/E ratio of 16.28, a P/E/G ratio of 0.84 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $19.82 and a 200 day moving average price of $17.60.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $6.62 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. Research analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Cuts Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, October 28th. Stockholders of record on Monday, August 4th will be given a dividend of $0.1189 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a dividend yield of 720.0%. TIM's dividend payout ratio (DPR) is presently 67.44%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Hsbc Global Res downgraded TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Wall Street Zen downgraded TIM from a "strong-buy" rating to a "buy" rating in a report on Friday. Scotiabank upped their price objective on TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. HSBC downgraded TIM to a "hold" rating in a report on Friday, June 13th. Finally, JPMorgan Chase & Co. upped their price objective on TIM from $22.00 to $24.50 and gave the stock an "overweight" rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, TIM presently has a consensus rating of "Hold" and a consensus price target of $21.25.

TIM Company 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.

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