Tim S.A. (NYSE:TIMB) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its position in shares of Tim S.A. (NYSE:TIMB) by 217.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 87,719 shares of the company’s stock after purchasing an additional 60,102 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in TIM were worth $1,256,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of TIM by 108.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after acquiring an additional 835 shares in the last quarter. CWM LLC boosted its stake in shares of TIM by 105.7% during the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after acquiring an additional 1,270 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of TIM during the 1st quarter worth $54,000. Headlands Technologies LLC bought a new stake in shares of TIM during the 1st quarter worth $59,000. Finally, Blue Trust Inc. boosted its stake in shares of TIM by 298.2% during the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock worth $100,000 after acquiring an additional 5,222 shares in the last quarter.

TIM Trading Down 1.2 %

Shares of TIM stock opened at $17.02 on Wednesday. The business has a fifty day simple moving average of $16.19 and a 200-day simple moving average of $16.20. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Tim S.A. has a 12 month low of $13.84 and a 12 month high of $19.14.

TIM (NYSE:TIMB) last announced its quarterly earnings data 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 business had revenue of $1.21 billion during the quarter. Equities analysts predict that Tim S.A. will post 1.27 earnings per share for the current fiscal year.

TIM Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Monday, September 30th will be issued a dividend of $0.088 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.35 annualized dividend and a dividend yield of 2.07%. TIM’s dividend payout ratio is 27.64%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. 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 note on Friday, August 2nd. Scotiabank raised TIM from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $17.50 to $24.80 in a research report on Friday, September 20th.

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.