TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Update

TIM S.A. Sponsored ADR (NYSE:TIMB) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,282,612 shares, a growth of 59.8% from the July 15th total of 2,053,619 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 546,197 shares, the short-interest ratio is presently 6.0 days.

Insider Activity

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the transaction, the chief financial officer owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of TIM during the 4th quarter worth about $836,000. Hsbc Holdings PLC raised its holdings in TIM by 55.5% in the first quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock valued at $3,578,000 after buying an additional 48,232 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in TIM by 102.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock valued at $753,000 after buying an additional 19,552 shares during the period. UBS Group AG raised its holdings in TIM by 12.4% in the fourth quarter. UBS Group AG now owns 537,416 shares of the company’s stock valued at $10,453,000 after buying an additional 59,136 shares during the period. Finally, Assetmark Inc. lifted its position in TIM by 19.0% during the first quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock valued at $12,993,000 after buying an additional 78,379 shares in the last quarter.

TIM Price Performance

TIMB opened at $17.77 on Thursday. TIM has a 1 year low of $17.14 and a 1 year high of $28.22. The company’s 50 day simple moving average is $20.56 and its 200 day simple moving average is $23.43. The stock has a market capitalization of $8.60 billion, a PE ratio of 10.51, a P/E/G ratio of 1.14 and a beta of 0.40. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. The firm had revenue of $1.35 billion during the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. As a group, sell-side analysts expect that TIM will post 1.83 EPS for the current year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were issued a dividend of $0.1618 per share. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio is presently 61.54%.

Analysts Set New Price Targets

TIMB has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price target for the company. Weiss Ratings upgraded TIM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Scotiabank lifted their price objective on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Zacks Research lowered TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded TIM from a “hold” rating to a “buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.38.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA