Tim S.A. (NYSE:TIMB) Sees Large Increase in Short Interest

Tim S.A. (NYSE:TIMB) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,470,000 shares, an increase of 27.8% from the February 13th total of 1,150,000 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 587,900 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On TIM

A number of hedge funds and other institutional investors have recently made changes to their positions in TIMB. Stifel Financial Corp lifted its position in TIM by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after acquiring an additional 822 shares in the last quarter. DGS Capital Management LLC lifted its position in TIM by 4.4% in the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock valued at $563,000 after acquiring an additional 1,367 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in TIM in the 3rd quarter valued at $25,000. Quantinno Capital Management LP lifted its position in TIM by 10.3% in the 4th quarter. Quantinno Capital Management LP now owns 19,388 shares of the company’s stock valued at $228,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after acquiring an additional 2,211 shares in the last quarter.

Analyst Ratings Changes

A number of analysts recently weighed in on TIMB shares. Scotiabank lowered their price target on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group lowered 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. Finally, Barclays lifted their target price on shares of TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a report on Monday.

TIM Trading Up 1.7 %

Shares of NYSE TIMB traded up $0.26 during midday trading on Monday, reaching $15.25. 312,194 shares of the stock were exchanged, compared to its average volume of 604,717. The business has a 50-day simple moving average of $13.60 and a two-hundred day simple moving average of $14.25. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 0.67 and a beta of 0.84. TIM has a 12 month low of $11.32 and a 12 month high of $18.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93.

TIM (NYSE:TIMB) last announced its quarterly earnings results 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 return on equity of 11.91% and a net margin of 12.24%. As a group, equities research analysts expect that TIM will post 1.34 EPS 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 1.88%. TIM’s dividend payout ratio is 51.69%.

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.