GAMMA Investing LLC Purchases 78,853 Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

GAMMA Investing LLC boosted its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 545.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,306 shares of the Wireless communications provider’s stock after purchasing an additional 78,853 shares during the period. GAMMA Investing LLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $580,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vise Technologies Inc. increased its holdings in Turkcell Iletisim Hizmetleri AS by 84.2% during the 4th quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider’s stock worth $2,576,000 after purchasing an additional 180,918 shares in the last quarter. Vident Advisory LLC increased its holdings in Turkcell Iletisim Hizmetleri AS by 3.1% during the 4th quarter. Vident Advisory LLC now owns 236,205 shares of the Wireless communications provider’s stock worth $1,538,000 after purchasing an additional 7,157 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $304,000. Quantinno Capital Management LP grew its holdings in shares of Turkcell Iletisim Hizmetleri AS by 8.1% in the 4th quarter. Quantinno Capital Management LP now owns 40,175 shares of the Wireless communications provider’s stock valued at $262,000 after acquiring an additional 2,998 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at about $2,082,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 20th.

Turkcell Iletisim Hizmetleri AS Price Performance

Shares of NYSE TKC opened at $5.84 on Thursday. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 3.97 and a beta of 0.90. The business has a 50-day moving average of $6.12 and a 200-day moving average of $6.59. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.72. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.66 and a fifty-two week high of $8.47.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share for the quarter. The company had revenue of $1.19 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.56% and a net margin of 13.52%. As a group, sell-side analysts predict that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri AS Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th will be paid a $0.0866 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a yield of 4.02%. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio (DPR) is currently 10.20%.

Turkcell Iletisim Hizmetleri AS Company Profile

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.