Leuthold Group LLC Invests $420,000 in TIM S.A. Sponsored ADR $TIMB

Leuthold Group LLC bought a new stake in shares of TIM S.A. Sponsored ADR (NYSE:TIMB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,903 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC increased its stake in TIM by 30.1% in the 2nd quarter. Hsbc Holdings PLC now owns 80,718 shares of the company’s stock worth $1,623,000 after buying an additional 18,657 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of TIM in the second quarter worth about $217,000. American Century Companies Inc. grew its position in shares of TIM by 26.4% during the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after purchasing an additional 93,179 shares in the last quarter. Rhumbline Advisers grew its position in shares of TIM by 117.7% during the second quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock worth $201,000 after purchasing an additional 5,417 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in TIM by 7.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 29,937 shares of the company’s stock valued at $606,000 after purchasing an additional 2,001 shares during the period.

Analyst Upgrades and Downgrades

TIMB has been the subject of several recent analyst reports. Hsbc Global Res upgraded TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. HSBC raised shares of TIM from a “hold” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $27.00 in a report on Wednesday, November 5th. Barclays upped their target price on shares of TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Scotiabank reiterated a “sector perform” rating and issued a $23.60 price target on shares of TIM in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TIM from $22.00 to $24.50 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, TIM presently has a consensus rating of “Moderate Buy” and an average price target of $23.10.

TIM Stock Performance

TIM stock opened at $23.48 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a market capitalization of $11.37 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 0.88 and a beta of 0.62. TIM S.A. Sponsored ADR has a 1-year low of $11.32 and a 1-year high of $23.88. The company’s 50-day moving average is $22.39 and its 200 day moving average is $20.44.

TIM (NYSE:TIMB) last announced its earnings results on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. Research analysts forecast that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be issued a dividend of $0.1888 per share. The ex-dividend date is Friday, October 3rd. TIM’s payout ratio is presently 65.07%.

About TIM

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.