TIM (TI) Holdings Raised by Jane Street Group LLC

Jane Street Group LLC boosted its holdings in shares of TIM (NYSE:TI) by 816.8% in the 4th quarter, Holdings Channel reports. The fund owned 107,994 shares of the utilities provider’s stock after buying an additional 96,214 shares during the quarter. Jane Street Group LLC’s holdings in TIM were worth $932,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC increased its stake in TIM by 132.1% during the fourth quarter. CWM LLC now owns 247,502 shares of the utilities provider’s stock worth $2,136,000 after acquiring an additional 140,868 shares during the last quarter. Raymond James & Associates grew its stake in shares of TIM by 14.5% in the fourth quarter. Raymond James & Associates now owns 242,315 shares of the utilities provider’s stock valued at $2,091,000 after buying an additional 30,751 shares in the last quarter. Permian Investment Partners LP grew its stake in shares of TIM by 12.5% in the third quarter. Permian Investment Partners LP now owns 163,377 shares of the utilities provider’s stock valued at $1,536,000 after buying an additional 18,200 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of TIM by 23.2% in the fourth quarter. Renaissance Technologies LLC now owns 134,900 shares of the utilities provider’s stock valued at $1,164,000 after buying an additional 25,394 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of TIM by 13.5% in the third quarter. Bank of New York Mellon Corp now owns 66,100 shares of the utilities provider’s stock valued at $622,000 after buying an additional 7,887 shares in the last quarter. 0.73% of the stock is owned by institutional investors.

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A number of equities research analysts have recently weighed in on the company. Goldman Sachs raised TIM from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.57 to $10.53 in a research note on Thursday, March 8th. Zacks Investment Research cut TIM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 13th. Raymond James Financial cut TIM from a “strong-buy” rating to an “underperform” rating in a research note on Wednesday, January 17th. ValuEngine cut TIM from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein raised TIM from a “market perform” rating to an “outperform” rating in a research note on Friday, March 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. TIM presently has a consensus rating of “Hold” and an average price target of $7.36.

Shares of NYSE TI opened at $9.57 on Friday. TIM has a twelve month low of $7.57 and a twelve month high of $10.83. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $20,317.98, a PE ratio of 10.88 and a beta of 0.83.

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About TIM

Telecom Italia S.p.A., together with its subsidiaries, provides fixed and mobile telecommunications services. It offers landline and mobile telecommunications, voice, messaging, data, Internet, and broadband services for consumers, as well as for small and medium-size enterprises, small offices/home offices, public sector clients, large accounts, and enterprises in the fixed and mobile telecommunications markets.

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Institutional Ownership by Quarter for TIM (NYSE:TI)

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