Rhumbline Advisers Has $219,000 Position in Tim S.A. (NYSE:TIMB)

Rhumbline Advisers reduced its holdings in shares of Tim S.A. (NYSE:TIMB) by 19.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,626 shares of the company’s stock after selling 4,640 shares during the period. Rhumbline Advisers’ holdings in TIM were worth $219,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TIMB. Creative Planning acquired a new stake in TIM during the 3rd quarter worth about $216,000. QRG Capital Management Inc. boosted its stake in TIM by 7.9% during the 3rd quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock valued at $256,000 after purchasing an additional 1,085 shares during the last quarter. Assetmark Inc. lifted its position in shares of TIM by 10.4% during the 3rd quarter. Assetmark Inc. now owns 309,225 shares of the company’s stock worth $5,325,000 after buying an additional 29,030 shares in the last quarter. Meritage Portfolio Management bought a new position in shares of TIM during the 3rd quarter worth approximately $3,683,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after buying an additional 409,992 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Scotiabank dropped their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 12th. Barclays lifted their price target on shares of TIM from $15.50 to $16.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered their price target on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th.

TIM Stock Up 0.0 %

TIM stock opened at $14.55 on Tuesday. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $19.12. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 0.67 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The firm has a 50 day simple moving average of $13.38 and a 200 day simple moving average of $14.30.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. On average, analysts predict that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be given a dividend of $0.0717 per share. The ex-dividend date is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.97%. TIM’s dividend payout ratio (DPR) is currently 51.69%.

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.