Cubist Systematic Strategies LLC Acquires 41,006 Shares of Tim S.A. (NYSE:TIMB)

Cubist Systematic Strategies LLC grew its holdings in shares of Tim S.A. (NYSE:TIMB - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,720 shares of the company's stock after purchasing an additional 41,006 shares during the quarter. Cubist Systematic Strategies LLC's holdings in TIM were worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in TIM by 8.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after purchasing an additional 152,061 shares during the period. Itau Unibanco Holding S.A. boosted 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 worth $20,814,000 after purchasing an additional 696,454 shares during the period. Renaissance Technologies LLC boosted its stake in TIM by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock worth $20,211,000 after purchasing an additional 283,002 shares during the period. JPMorgan Chase & Co. boosted its stake in TIM by 2.3% in the 4th quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock worth $9,759,000 after purchasing an additional 18,970 shares during the period. Finally, Schroder Investment Management Group bought a new position in TIM in the 4th quarter worth about $5,666,000.

TIM Trading Up 0.6%

TIM stock traded up $0.10 during trading hours on Friday, reaching $17.41. The company had a trading volume of 217,840 shares, compared to its average volume of 508,521. 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 price of $15.77 and a 200 day moving average price of $14.19. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.67 and a beta of 0.62. Tim S.A. has a 12-month low of $11.32 and a 12-month high of $17.83.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. Equities analysts forecast that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

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

Wall Street Analyst Weigh In

TIMB has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their price target on TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research report on Wednesday, April 30th. Scotiabank decreased their price objective on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a report on Wednesday, February 12th. Finally, Barclays set a $17.50 price objective on TIM in a report on Wednesday, May 7th.

TIM 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.