Short Interest in Tim S.A. (NYSE:TIMB) Declines By 17.6%

Tim S.A. (NYSE:TIMB - Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,920,000 shares, a decline of 17.6% from the March 31st total of 2,330,000 shares. Approximately 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 578,200 shares, the short-interest ratio is currently 3.3 days.

TIM Trading Up 0.7 %

Shares of NYSE:TIMB traded up $0.13 during mid-day trading on Wednesday, hitting $17.51. The company had a trading volume of 150,795 shares, compared to its average volume of 512,763. The company has a market capitalization of $8.48 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62. TIM has a one year low of $11.32 and a one year high of $18.05. The firm has a fifty day moving average price of $15.27 and a 200 day moving average price of $14.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93.

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

TIM Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be issued a $0.2288 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 5.73%. This is an increase from TIM's previous dividend of $0.08. TIM's dividend payout ratio is currently 65.25%.

Institutional Investors Weigh In On TIM

Institutional investors have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. grew its stake in TIM by 64.9% in the 4th 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 purchased a new position in shares of TIM in the 4th quarter worth about $5,666,000. Renaissance Technologies LLC grew its position in 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 buying an additional 283,002 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in TIM by 8.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after buying an additional 152,061 shares during the last quarter. Finally, Marshall Wace LLP raised its position in TIM by 278.8% in the fourth quarter. Marshall Wace LLP now owns 178,023 shares of the company's stock worth $2,094,000 after acquiring an additional 131,023 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays upped their target price on TIM from $16.00 to $16.50 and gave the company an "equal weight" rating in a report on Monday, March 17th. Scotiabank decreased their price objective on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their target price on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a report on Wednesday, April 30th.

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.