Tim S.A. (NYSE:TIMB) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in Tim S.A. (NYSE:TIMB) by 7.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,881 shares of the company’s stock after acquiring an additional 1,085 shares during the quarter. QRG Capital Management Inc.’s holdings in TIM were worth $256,000 at the end of the most recent quarter.

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

TIM Price Performance

NYSE:TIMB opened at $14.35 on Tuesday. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 0.59 and a beta of 0.89. The company has a 50-day moving average of $15.80 and a 200-day moving average of $15.70. Tim S.A. has a 52 week low of $13.74 and a 52 week high of $19.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.97.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The company had revenue of $1.16 billion during the quarter. As a group, equities research analysts anticipate that Tim S.A. will post 1.27 earnings per share for the current fiscal year.

TIM Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th were paid a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Monday, September 30th. TIM’s dividend payout ratio is currently 26.19%.

Analysts Set New Price Targets

TIMB has been the subject of a number of research reports. Barclays reduced their price objective on TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Scotiabank reduced their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th.

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.