Quantbot Technologies LP Has $669,000 Stock Position in Tim S.A. (NYSE:TIMB)

Quantbot Technologies LP lifted its holdings in Tim S.A. (NYSE:TIMB) by 90.2% in the 3rd quarter, Holdings Channel reports. The firm owned 38,840 shares of the company’s stock after buying an additional 18,418 shares during the quarter. Quantbot Technologies LP’s holdings in TIM were worth $669,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in TIM during the second quarter valued at about $8,818,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of TIM by 137.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock valued at $12,187,000 after acquiring an additional 409,992 shares in the last quarter. Itau Unibanco Holding S.A. lifted its holdings in TIM by 90.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 688,950 shares of the company’s stock worth $9,847,000 after purchasing an additional 327,874 shares during the last quarter. Meritage Portfolio Management bought a new stake in TIM during the third quarter worth approximately $3,683,000. Finally, Summit Global Investments grew its holdings in 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 purchasing an additional 193,996 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TIMB shares. Scotiabank reduced their price objective on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th. Barclays cut their target price on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th.

TIM Stock Performance

TIMB opened at $12.94 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $15.07 and its two-hundred day moving average price is $15.39. The firm has a market capitalization of $6.26 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.58 and a beta of 0.89. Tim S.A. has a 12-month low of $12.60 and a 12-month high of $19.14.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The business had revenue of $1.16 billion during the quarter. On average, equities analysts forecast that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th were given a dividend of $0.088 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. TIM’s dividend payout ratio is currently 26.19%.

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.