First Trust Direct Indexing L.P. Trims Holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

First Trust Direct Indexing L.P. cut its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,902 shares of the Wireless communications provider’s stock after selling 14,464 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $591,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 17.1% during the fourth quarter. CWM LLC now owns 12,725 shares of the Wireless communications provider’s stock worth $61,000 after buying an additional 1,855 shares in the last quarter. Colonial River Wealth Management LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 21.1% during the fourth quarter. Colonial River Wealth Management LLC now owns 12,190 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 2,125 shares in the last quarter. Lindbrook Capital LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 45.4% during the third quarter. Lindbrook Capital LLC now owns 8,116 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 2,533 shares in the last quarter. Janiczek Wealth Management LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 11.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 25,895 shares of the Wireless communications provider’s stock worth $125,000 after buying an additional 2,707 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Turkcell Iletisim Hizmetleri A.S. by 49.7% during the fourth quarter. Blue Trust Inc. now owns 8,302 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 2,757 shares in the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of TKC stock opened at $6.29 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $5.43 and a two-hundred day moving average price of $5.13. Turkcell Iletisim Hizmetleri A.S. has a 12-month low of $3.52 and a 12-month high of $6.32.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th.

About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.