Acadian Asset Management LLC decreased its stake in Tim S.A. (NYSE:TIMB – Free Report) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,327 shares of the company’s stock after selling 15,466 shares during the period. Acadian Asset Management LLC’s holdings in TIM were worth $1,391,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its stake in TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after purchasing an additional 1,270 shares during the last quarter. SageView Advisory Group LLC bought a new position in TIM in the 1st quarter valued at approximately $54,000. Headlands Technologies LLC bought a new position in TIM in the 1st quarter valued at approximately $59,000. Barometer Capital Management Inc. bought a new position in TIM in the 4th quarter valued at approximately $118,000. Finally, Blue Trust Inc. lifted its stake in TIM by 298.2% in the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock valued at $100,000 after purchasing an additional 5,222 shares during the last quarter.
TIM Stock Up 1.7 %
Shares of NYSE TIMB opened at $16.54 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85 and a current ratio of 0.88. Tim S.A. has a 52-week low of $13.84 and a 52-week high of $19.14. The firm has a 50 day moving average price of $15.72 and a two-hundred day moving average price of $16.33.
Wall Street Analyst Weigh In
Separately, Barclays decreased their price target on shares of TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd.
Check Out Our Latest Report on TIM
TIM 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.
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