Acadian Asset Management LLC Boosts Stock Holdings in Turkcell Iletisim Hizmetleri AS $TKC

Acadian Asset Management LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 2,408.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,801 shares of the Wireless communications provider’s stock after buying an additional 174,553 shares during the period. Acadian Asset Management LLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $1,129,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of Turkcell Iletisim Hizmetleri AS by 17.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,417 shares of the Wireless communications provider’s stock valued at $77,000 after acquiring an additional 1,816 shares in the last quarter. Ascent Group LLC increased its position in Turkcell Iletisim Hizmetleri AS by 58.8% in the 1st quarter. Ascent Group LLC now owns 19,418 shares of the Wireless communications provider’s stock valued at $121,000 after acquiring an additional 7,189 shares in the last quarter. Aprio Wealth Management LLC grew its position in shares of Turkcell Iletisim Hizmetleri AS by 130.9% during the 1st quarter. Aprio Wealth Management LLC now owns 23,304 shares of the Wireless communications provider’s stock worth $145,000 after buying an additional 13,212 shares during the period. Advisors Preferred LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS in the 1st quarter valued at $156,000. Finally, RHS Financial LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri AS in the 1st quarter valued at $160,000.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Turkcell Iletisim Hizmetleri AS from a “strong-buy” rating to a “buy” rating in a report on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE:TKC opened at $5.89 on Thursday. The business has a 50 day moving average of $5.78 and a 200 day moving average of $6.08. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 4.01 and a beta of 0.99. Turkcell Iletisim Hizmetleri AS has a 1-year low of $5.35 and a 1-year high of $7.63. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.69.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its quarterly earnings data on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%.The firm had revenue of $1.37 billion for the quarter. On average, 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 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.