Trexquant Investment LP bought a new stake in TIM S.A. Sponsored ADR (NYSE:TIMB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 26,453 shares of the company's stock, valued at approximately $414,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in TIM during the 1st quarter valued at $64,000. Banco BTG Pactual S.A. lifted its stake in TIM by 1,302.9% in the first quarter. Banco BTG Pactual S.A. now owns 260,933 shares of the company's stock valued at $4,084,000 after buying an additional 242,333 shares during the period. EntryPoint Capital LLC raised its position in shares of TIM by 45.1% during the first quarter. EntryPoint Capital LLC now owns 18,038 shares of the company's stock worth $282,000 after purchasing an additional 5,605 shares during the period. Brooklyn Investment Group purchased a new stake in TIM in the 1st quarter valued at $50,000. Finally, American Century Companies Inc. grew its stake in TIM by 5.3% in the 1st quarter. American Century Companies Inc. now owns 352,399 shares of the company's stock valued at $5,515,000 after purchasing an additional 17,720 shares during the period.
Analyst Ratings Changes
TIMB has been the subject of several analyst reports. Citigroup started coverage on TIM in a research note on Wednesday. They issued a "buy" rating for the company. Barclays boosted their price target on TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Hsbc Global Res lowered TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. boosted their target price on TIM from $22.00 to $24.50 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, HSBC downgraded TIM to a "hold" rating in a report on Friday, June 13th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $21.25.
Check Out Our Latest Report on TIMB
TIM Stock Performance
Shares of NYSE:TIMB traded up $0.32 on Friday, hitting $21.26. The company had a trading volume of 422,011 shares, compared to its average volume of 520,966. TIM S.A. Sponsored ADR has a 1-year low of $11.32 and a 1-year high of $21.57. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.83 and a beta of 0.69. The stock has a 50 day moving average price of $19.86 and a 200 day moving average price of $17.75. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54.
TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $6.62 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. Analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.
TIM Cuts Dividend
The business also recently disclosed a special dividend, which will be paid on Tuesday, October 28th. Shareholders of record on Monday, August 4th will be given a $0.1189 dividend. The ex-dividend date is Monday, August 4th. This represents a yield of 720.0%. TIM's payout ratio is presently 66.67%.
About TIM
(
Free Report)
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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