Voloridge Investment Management LLC Makes New $949,000 Investment in Tim S.A. (NYSE:TIMB)

Voloridge Investment Management LLC purchased a new stake in shares of Tim S.A. (NYSE:TIMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 80,686 shares of the company's stock, valued at approximately $949,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. grew its holdings in TIM by 64.9% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company's stock valued at $20,814,000 after purchasing an additional 696,454 shares during the period. Schroder Investment Management Group bought a new position in TIM in the fourth quarter valued at approximately $5,666,000. Renaissance Technologies LLC lifted its stake in TIM by 19.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock valued at $20,211,000 after buying an additional 283,002 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in TIM by 8.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock valued at $22,732,000 after buying an additional 152,061 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in TIM by 278.8% in the fourth quarter. Marshall Wace LLP now owns 178,023 shares of the company's stock valued at $2,094,000 after buying an additional 131,023 shares in the last quarter.

TIM Stock Up 1.8%

TIMB traded up $0.32 during trading on Tuesday, reaching $17.55. 261,335 shares of the stock were exchanged, compared to its average volume of 499,741. The stock has a market cap of $8.50 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. Tim S.A. has a twelve month low of $11.32 and a twelve month high of $17.83. The stock's 50 day moving average price is $16.30 and its two-hundred day moving average price is $14.44. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. TIM had a net margin of 12.24% and a return on equity of 11.91%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. Equities analysts expect that Tim S.A. will post 1.34 EPS for the current year.

TIM Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on TIMB. Barclays set a $17.50 price objective on shares of TIM in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted 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, Scotiabank cut their price objective on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research report on Wednesday, February 12th.

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.