AQR Capital Management LLC Has $1.27 Million Holdings in Tim S.A. (NYSE:TIMB)

AQR Capital Management LLC raised its holdings in shares of Tim S.A. (NYSE:TIMB) by 12.3% during the second quarter, HoldingsChannel.com reports. The firm owned 88,534 shares of the company’s stock after acquiring an additional 9,699 shares during the quarter. AQR Capital Management LLC’s holdings in TIM were worth $1,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cubist Systematic Strategies LLC increased its stake in TIM by 217.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 87,719 shares of the company’s stock worth $1,256,000 after purchasing an additional 60,102 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of TIM by 108.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after buying an additional 835 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of TIM by 90.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 688,950 shares of the company’s stock valued at $9,847,000 after buying an additional 327,874 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of TIM in the 2nd quarter valued at approximately $422,000. Finally, XTX Topco Ltd lifted its holdings in TIM by 26.1% during the 2nd quarter. XTX Topco Ltd now owns 13,264 shares of the company’s stock valued at $190,000 after purchasing an additional 2,746 shares during the last quarter.

TIM Stock Down 0.5 %

TIMB stock opened at $15.47 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.85. Tim S.A. has a fifty-two week low of $13.84 and a fifty-two week high of $19.14. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.69 and a beta of 0.87. The business’s fifty day moving average price is $16.39 and its two-hundred day moving average price is $16.12.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. The firm had revenue of $1.21 billion for the quarter. On average, equities analysts anticipate that Tim S.A. will post 1.27 earnings per share for the current year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th will be given a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, September 30th. TIM’s dividend payout ratio is presently 28.46%.

Analysts Set New Price Targets

TIMB has been the subject of several research reports. Scotiabank raised TIM from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $17.50 to $24.80 in a report on Friday, September 20th. Barclays lowered their price objective on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

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.