Tim S.A. (NYSE:TIMB) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its holdings in Tim S.A. (NYSE:TIMB - Free Report) by 37.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 149,720 shares of the company's stock after acquiring an additional 41,006 shares during the period. Cubist Systematic Strategies LLC's holdings in TIM were worth $1,761,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in TIM by 13.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock worth $1,555,000 after purchasing an additional 16,000 shares in the last quarter. Cerity Partners LLC acquired a new position in TIM in the fourth quarter worth approximately $330,000. Jane Street Group LLC acquired a new position in TIM in the third quarter worth approximately $215,000. Blue Trust Inc. grew its position in TIM by 34.1% in the fourth quarter. Blue Trust Inc. now owns 19,172 shares of the company's stock worth $225,000 after buying an additional 4,880 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new position in TIM in the fourth quarter worth approximately $319,000.

TIM Stock Down 1.9%

TIMB stock opened at $16.84 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a 50-day moving average of $15.53 and a two-hundred day moving average of $14.11. Tim S.A. has a 52-week low of $11.32 and a 52-week high of $17.68. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.67 and a beta of 0.62.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $1.09 billion during 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, equities research analysts anticipate that Tim S.A. will post 1.34 EPS for the current year.

TIM Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be issued 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 68.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TIMB shares. Barclays set a $17.50 price target on shares of TIM in a research report on Wednesday, May 7th. 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 research note on Wednesday, April 30th. Finally, Scotiabank cut their target price on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research note 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.

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