Y Intercept Hong Kong Ltd Takes Position in Tim S.A. (NYSE:TIMB)

Y Intercept Hong Kong Ltd purchased a new position in Tim S.A. (NYSE:TIMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 42,539 shares of the company's stock, valued at approximately $500,000.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of TIM during the third quarter worth $25,000. Global Retirement Partners LLC increased its holdings in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares during the period. R Squared Ltd acquired a new stake in TIM during the 4th quarter valued at approximately $53,000. Jane Street Group LLC acquired a new stake in TIM during the 3rd quarter valued at approximately $215,000. Finally, Creative Planning purchased a new stake in shares of TIM in the 3rd quarter valued at $216,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Barclays lifted their price objective on TIM from $15.50 to $16.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 18th. Scotiabank lowered their target price 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. Finally, UBS Group cut TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th.

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TIM Stock Performance

TIMB stock traded up $0.02 during midday trading on Thursday, hitting $14.13. 167,593 shares of the stock traded hands, compared to its average volume of 625,673. Tim S.A. has a 1-year low of $11.32 and a 1-year high of $19.12. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock's fifty day simple moving average is $13.22 and its 200-day simple moving average is $14.36. The firm has a market cap of $6.84 billion, a P/E ratio of 11.95, a PEG ratio of 0.67 and a beta of 0.84.

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 net margin of 12.24% and a return on equity of 11.91%. On average, analysts expect that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be given a $0.0717 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, February 21st. TIM's dividend payout ratio (DPR) is presently 51.69%.

About TIM

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.