Inspire Advisors LLC Takes Position in Tim S.A. (NYSE:TIMB)

Inspire Advisors LLC purchased a new position in shares of Tim S.A. (NYSE:TIMB) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 10,051 shares of the company’s stock, valued at approximately $173,000.

Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in TIM by 11.7% in the second quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock worth $19,533,000 after purchasing an additional 142,862 shares during the period. Millennium Management LLC boosted its holdings in shares of TIM by 16.0% during the second quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock valued at $13,225,000 after acquiring an additional 127,465 shares during the period. Itau Unibanco Holding S.A. boosted its holdings in shares of TIM by 90.8% during the second quarter. Itau Unibanco Holding S.A. now owns 688,950 shares of the company’s stock valued at $9,847,000 after acquiring an additional 327,874 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of TIM during the second quarter valued at $8,818,000. Finally, Summit Global Investments boosted its holdings in shares of TIM by 147.6% during the second quarter. Summit Global Investments now owns 325,462 shares of the company’s stock valued at $4,661,000 after acquiring an additional 193,996 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Scotiabank upgraded shares of TIM from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $17.50 to $24.80 in a research note on Friday, September 20th. Barclays cut their price objective on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd.

TIM Price Performance

Shares of TIM stock opened at $15.42 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $16.38 and its two-hundred day moving average price is $15.99. Tim S.A. has a 52 week low of $13.84 and a 52 week high of $19.14.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.31 EPS for the quarter. TIM had a net margin of 12.53% and a return on equity of 11.47%. The company had revenue of $1.21 billion during the quarter. Equities research analysts expect that Tim S.A. will post 1.27 EPS for the current fiscal year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th will be issued a $0.088 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.28%. TIM’s dividend payout ratio is 27.34%.

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.