Quantbot Technologies LP Grows Stock Position in Tim S.A. (NYSE:TIMB)

Quantbot Technologies LP boosted its stake in shares of Tim S.A. (NYSE:TIMB) by 30.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,570 shares of the company’s stock after acquiring an additional 11,730 shares during the quarter. Quantbot Technologies LP’s holdings in TIM were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TIMB. Stifel Financial Corp boosted its stake in shares of TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after purchasing an additional 822 shares during the period. DGS Capital Management LLC raised its holdings in TIM by 4.4% during the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock valued at $563,000 after buying an additional 1,367 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in TIM during the 3rd quarter valued at $25,000. Global Retirement Partners LLC grew its holdings in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after acquiring an additional 2,211 shares during the last quarter. Finally, R Squared Ltd bought a new stake in TIM in the 4th quarter worth $53,000.

TIM Price Performance

TIMB stock opened at $15.58 on Friday. The firm has a 50-day moving average of $14.20 and a 200 day moving average of $14.21. 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 market cap of $7.54 billion, a P/E ratio of 13.20, a PEG ratio of 0.67 and a beta of 0.84. Tim S.A. has a 1 year low of $11.32 and a 1 year high of $18.78.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, sell-side analysts forecast that Tim S.A. will post 1.34 EPS for the current year.

TIM Increases Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.1394 per share. This represents a dividend yield of 6%. The ex-dividend date is Friday, April 4th. This is a boost from TIM’s previous — dividend of $0.12. TIM’s payout ratio is 51.69%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank dropped their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Barclays boosted their target price on TIM from $16.00 to $16.50 and gave the company an “equal weight” rating in a research note on Monday, March 17th. Finally, The Goldman Sachs Group dropped their price target on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th.

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.