Tim S.A. (NYSE:TIMB) Short Interest Update

Tim S.A. (NYSE:TIMB) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 746,400 shares, a drop of 51.5% from the February 29th total of 1,540,000 shares. Based on an average trading volume of 442,400 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on TIMB. Scotiabank reiterated a “sector perform” rating on shares of TIM in a research note on Thursday, December 7th. Barclays lifted their price objective on shares of TIM from $19.50 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th.

TIM Price Performance

NYSE TIMB traded down $0.20 on Thursday, hitting $17.75. 592,174 shares of the stock were exchanged, compared to its average volume of 463,470. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average price of $18.24 and a two-hundred day moving average price of $17.24. TIM has a 52-week low of $11.91 and a 52-week high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter. The firm had revenue of $1.27 billion during the quarter. TIM had a net margin of 11.96% and a return on equity of 10.71%. On average, sell-side analysts forecast that TIM will post 1.37 earnings per share for the current year.

TIM Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 1st will be issued a $0.064 dividend. The ex-dividend date is Thursday, March 28th. This represents a $0.26 annualized dividend and a dividend yield of 1.44%. TIM’s payout ratio is currently 72.03%.

Institutional Trading of TIM

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in TIM by 42.9% in the first quarter. American Century Companies Inc. now owns 74,065 shares of the company’s stock worth $1,074,000 after purchasing an additional 22,230 shares in the last quarter. BlackRock Inc. boosted its position in TIM by 41.3% in the 1st quarter. BlackRock Inc. now owns 476,740 shares of the company’s stock worth $6,913,000 after purchasing an additional 139,387 shares in the last quarter. Ariel Investments LLC raised its stake in shares of TIM by 4.8% during the 1st quarter. Ariel Investments LLC now owns 396,301 shares of the company’s stock worth $5,746,000 after buying an additional 18,067 shares during the period. Renaissance Technologies LLC raised its stake in shares of TIM by 0.9% during the 1st quarter. Renaissance Technologies LLC now owns 680,186 shares of the company’s stock worth $9,863,000 after buying an additional 6,100 shares during the period. Finally, UBS Group AG raised its stake in shares of TIM by 3.7% during the 1st quarter. UBS Group AG now owns 33,648 shares of the company’s stock worth $489,000 after buying an additional 1,202 shares during the period.

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.