O Shaughnessy Asset Management LLC Lowers Stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

O Shaughnessy Asset Management LLC lowered its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 14.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,340,265 shares of the Wireless communications provider’s stock after selling 230,857 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $6,956,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 57.9% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 29,545 shares of the Wireless communications provider’s stock worth $153,000 after purchasing an additional 10,828 shares during the period. Inspire Advisors LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 12.7% during the 1st quarter. Inspire Advisors LLC now owns 30,877 shares of the Wireless communications provider’s stock worth $160,000 after purchasing an additional 3,469 shares during the last quarter. Capital Wealth Planning LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth $880,000. StoneX Group Inc. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 1st quarter worth $996,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 41.4% during the 1st quarter. BNP Paribas Financial Markets now owns 385,600 shares of the Wireless communications provider’s stock worth $2,001,000 after purchasing an additional 112,852 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Stock Down 1.6 %

NYSE:TKC traded down $0.13 during midday trading on Wednesday, hitting $7.91. 2,076,464 shares of the company were exchanged, compared to its average volume of 426,898. The company has a fifty day simple moving average of $7.52 and a 200 day simple moving average of $6.20. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.06 and a fifty-two week high of $8.47. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $6.96 billion, a PE ratio of 8.90 and a beta of 0.85.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its quarterly earnings results on Monday, May 27th. The Wireless communications provider reported $0.10 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 10.07% and a return on equity of 11.51%. The firm had revenue of $996.26 million for the quarter. As a group, equities analysts anticipate that Turkcell Iletisim Hizmetleri A.S. will post 0.52 earnings per share for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, December 6th will be paid a $0.169 dividend. The ex-dividend date is Friday, December 6th. This is a positive change from Turkcell Iletisim Hizmetleri A.S.’s previous annual dividend of $0.10. This represents a yield of 2.38%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Turkcell Iletisim Hizmetleri A.S. from a “hold” rating to a “buy” rating in a research report on Thursday, July 18th.

Turkcell Iletisim Hizmetleri A.S. 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.