Rhumbline Advisers Sells 21,761 Shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Rhumbline Advisers lessened its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 12.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,534 shares of the Wireless communications provider’s stock after selling 21,761 shares during the period. Rhumbline Advisers’ holdings in Turkcell Iletisim Hizmetleri AS were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TKC. Dimensional Fund Advisors LP boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 12.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 33,150 shares of the Wireless communications provider’s stock valued at $216,000 after purchasing an additional 3,767 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $304,000. GAMMA Investing LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 545.6% in the 1st quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider’s stock valued at $580,000 after purchasing an additional 78,853 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 24.7% in the 4th quarter. QRG Capital Management Inc. now owns 25,062 shares of the Wireless communications provider’s stock valued at $163,000 after purchasing an additional 4,967 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri AS by 55.3% in the 4th quarter. Cerity Partners LLC now owns 134,776 shares of the Wireless communications provider’s stock valued at $884,000 after purchasing an additional 48,016 shares in the last quarter.

Turkcell Iletisim Hizmetleri AS Trading Down 1.3%

TKC opened at $5.78 on Friday. The company’s 50 day moving average is $6.11 and its 200-day moving average is $6.58. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.66 and a 1-year high of $8.47. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.08 billion, a P/E ratio of 3.93 and a beta of 0.90.

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

Turkcell Iletisim Hizmetleri AS Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.