Campbell & CO Investment Adviser LLC Buys Shares of 15,349 TIM S.A. Sponsored ADR $TIMB

Campbell & CO Investment Adviser LLC purchased a new position in TIM S.A. Sponsored ADR (NYSE:TIMB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,349 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. boosted its position in TIM by 15.3% during the second quarter. Assetmark Inc. now owns 380,158 shares of the company’s stock valued at $7,645,000 after purchasing an additional 50,379 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of TIM by 303.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock worth $42,000 after purchasing an additional 1,552 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of TIM by 21.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,871 shares of the company’s stock valued at $420,000 after buying an additional 3,623 shares during the last quarter. Freedom Investment Management Inc. bought a new stake in shares of TIM in the 2nd quarter valued at approximately $680,000. Finally, Ethic Inc. grew its stake in shares of TIM by 52.0% in the 2nd quarter. Ethic Inc. now owns 21,442 shares of the company’s stock valued at $417,000 after buying an additional 7,340 shares in the last quarter.

TIM Stock Performance

Shares of TIMB opened at $23.09 on Tuesday. The company has a market capitalization of $11.18 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 0.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.88. TIM S.A. Sponsored ADR has a one year low of $11.32 and a one year high of $23.88. The company’s fifty day moving average price is $22.07 and its 200 day moving average price is $20.06.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. As a group, analysts expect that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Friday, October 3rd will be given a $0.1888 dividend. The ex-dividend date of this dividend is Friday, October 3rd. TIM’s payout ratio is currently 65.07%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TIMB. Barclays lifted their target price on shares of TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of TIM from $22.00 to $24.50 and gave the company an “overweight” rating in a research note on Friday, August 8th. Hsbc Global Res raised shares of TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. HSBC upgraded TIM from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $27.00 in a report on Wednesday, November 5th. Finally, Citigroup initiated coverage on TIM in a research note on Wednesday, September 10th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.10.

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.