Renaissance Technologies LLC Boosts Stock Holdings in Tim S.A. (NYSE:TIMB)

Renaissance Technologies LLC increased its position in shares of Tim S.A. (NYSE:TIMB - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,718,588 shares of the company's stock after acquiring an additional 283,002 shares during the quarter. Renaissance Technologies LLC owned about 0.35% of TIM worth $20,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TIMB. Cerity Partners LLC purchased a new stake in shares of TIM during the fourth quarter worth about $330,000. Schroder Investment Management Group acquired a new position in TIM during the 4th quarter valued at approximately $5,666,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of TIM by 8.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after buying an additional 152,061 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TIM by 2.3% during the fourth quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock worth $9,759,000 after buying an additional 18,970 shares during the period. Finally, Banco BTG Pactual S.A. acquired a new position in shares of TIM in the 4th quarter valued at $220,000.

TIM Price Performance

TIMB traded up $0.46 during trading on Friday, hitting $15.36. The company's stock had a trading volume of 244,541 shares, compared to its average volume of 517,946. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 0.67 and a beta of 0.53. The business's fifty day simple moving average is $14.91 and its 200 day simple moving average is $14.03. Tim S.A. has a twelve month low of $11.32 and a twelve month high of $18.39. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, equities research analysts forecast that Tim S.A. will post 1.34 EPS for the current fiscal year.

TIM Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 30th. Stockholders of record on Friday, April 11th will be issued a $0.2288 dividend. This represents a dividend yield of 5.73%. This is a boost from TIM's previous dividend of $0.08. The ex-dividend date is Thursday, April 10th. TIM's dividend payout ratio is presently 65.25%.

Analyst Ratings Changes

TIMB has been the topic of several research analyst reports. Scotiabank dropped their price target on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 12th. Barclays upped their price objective on shares of TIM from $16.00 to $16.50 and gave the company an "equal weight" rating in a report on Monday, March 17th. Finally, The Goldman Sachs Group decreased their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th.

TIM Company 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.