Knightsbridge Asset Management LLC cut its holdings in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 516,440 shares of the Wireless communications provider’s stock after selling 6,435 shares during the quarter. Turkcell Iletisim Hizmetleri A.S. comprises approximately 3.3% of Knightsbridge Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. Knightsbridge Asset Management LLC owned 0.06% of Turkcell Iletisim Hizmetleri A.S. worth $5,268,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC purchased a new position in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth approximately $124,000. Advisor Group Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 128.5% in the 3rd quarter. Advisor Group Inc. now owns 17,355 shares of the Wireless communications provider’s stock valued at $153,000 after purchasing an additional 9,759 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 19,332 shares of the Wireless communications provider’s stock valued at $158,000 after purchasing an additional 5,169 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at approximately $167,000. Finally, Atria Investments LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the fourth quarter valued at approximately $190,000. Institutional investors and hedge funds own 3.66% of the company’s stock.
TKC has been the subject of several research reports. ValuEngine raised Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Goldman Sachs Group raised Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to a “buy” rating in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $12.00.
Shares of Turkcell Iletisim Hizmetleri A.S. (TKC) traded up $0.22 during midday trading on Wednesday, hitting $9.80. The stock had a trading volume of 236,166 shares, compared to its average volume of 352,449. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.53 and a quick ratio of 1.51. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $7.79 and a 52 week high of $11.29. The stock has a market capitalization of $8,465.60, a P/E ratio of 15.21 and a beta of 1.01.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings data on Thursday, February 15th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $1.22 billion for the quarter. Turkcell Iletisim Hizmetleri A.S. had a return on equity of 16.18% and a net margin of 11.36%. sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.95 earnings per share for the current fiscal year.
The firm also recently disclosed an annual dividend, which will be paid on Tuesday, June 26th. Investors of record on Tuesday, June 19th will be issued a $0.1236 dividend. This represents a yield of 1.27%. The ex-dividend date is Monday, June 18th. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 123.81%.
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Turkcell Iletisim Hizmetleri A.S. Company Profile
Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.
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