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

Key Points

• Acadian Asset Management LLC significantly increased its holdings in Turkcell Iletisim Hizmetleri AS by 2,408.3% during the 1st quarter, owning 181,801 shares worth approximately $1.1 million.
• Turkcell's stock price reached $5.91 with a market capitalization of $5.20 billion, and its earnings per share for the last quarter was reported at $0.13.
• Wall Street analysts downgraded Turkcell Iletisim Hizmetleri AS from a "strong-buy" to a "buy" rating, reflecting a cautious outlook on its stock performance.

Acadian Asset Management LLC raised its stake in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 2,408.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,801 shares of the Wireless communications provider's stock after acquiring an additional 174,553 shares during the period. Acadian Asset Management LLC's holdings in Turkcell Iletisim Hizmetleri AS were worth $1,129,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TKC. Northern Trust Corp lifted its stake in Turkcell Iletisim Hizmetleri AS by 389.1% during the 4th quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock valued at $1,945,000 after acquiring an additional 237,739 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $2,082,000. Quantinno Capital Management LP increased its position in shares of Turkcell Iletisim Hizmetleri AS by 8.1% during the 4th quarter. Quantinno Capital Management LP now owns 40,175 shares of the Wireless communications provider's stock valued at $262,000 after purchasing an additional 2,998 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter valued at $304,000. Finally, Vident Advisory LLC increased its position in shares of 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 valued at $1,538,000 after purchasing an additional 7,157 shares during the last quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Turkcell Iletisim Hizmetleri AS from a "strong-buy" rating to a "buy" rating in a research report on Friday, July 18th.

Turkcell Iletisim Hizmetleri AS Stock Performance

TKC traded up $0.14 during trading hours on Friday, hitting $6.04. The stock had a trading volume of 4,126,489 shares, compared to its average volume of 2,625,760. The company's fifty day simple moving average is $5.79 and its 200 day simple moving average is $6.05. Turkcell Iletisim Hizmetleri AS has a 1 year low of $5.35 and a 1 year high of $7.63. The stock has a market cap of $5.32 billion, a PE ratio of 4.11 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.52.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last announced 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 company had revenue of $1.37 billion during the quarter. Equities analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

About Turkcell Iletisim Hizmetleri AS

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.