Cubist Systematic Strategies LLC Takes $493,000 Position in Turkcell Iletisim Hizmetleri AS $TKC

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in Turkcell Iletisim Hizmetleri AS, purchasing 79,336 shares valued at approximately $493,000.
• Other institutional investors, including Millennium Management LLC and Northern Trust Corp, have significantly increased their positions in Turkcell Iletisim Hizmetleri AS during the fourth quarter.
• Turkcell's stock currently has a market cap of $4.84 billion, and reported earnings of $0.13 per share for the last quarter, with analysts projecting $0.26 earnings per share for the current year.

Cubist Systematic Strategies LLC bought a new stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 79,336 shares of the Wireless communications provider's stock, valued at approximately $493,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TKC. Millennium Management LLC purchased a new position in Turkcell Iletisim Hizmetleri AS during the fourth quarter worth $2,082,000. Northern Trust Corp grew its position in shares of Turkcell Iletisim Hizmetleri AS by 389.1% in the 4th quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock worth $1,945,000 after buying an additional 237,739 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Turkcell Iletisim Hizmetleri AS by 84.2% in the 4th quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock worth $2,576,000 after buying an additional 180,918 shares during the last quarter. Vident Advisory LLC grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 39.0% during the first quarter. Vident Advisory LLC now owns 328,346 shares of the Wireless communications provider's stock worth $2,042,000 after acquiring an additional 92,141 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Turkcell Iletisim Hizmetleri AS by 545.6% in the first quarter. GAMMA Investing LLC now owns 93,306 shares of the Wireless communications provider's stock valued at $580,000 after buying an additional 78,853 shares during the last quarter.

Turkcell Iletisim Hizmetleri AS Stock Performance

NYSE TKC opened at $5.51 on Thursday. The stock has a market cap of $4.84 billion, a PE ratio of 3.74 and a beta of 0.99. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $5.82 and a 200-day simple moving average of $6.13. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.36 and a twelve month high of $7.63.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last released its earnings results on Wednesday, August 13th. The Wireless communications provider reported $0.13 earnings per share for the quarter. The company had revenue of $1.37 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 7.00% and a net margin of 13.15%. Equities analysts anticipate that Turkcell Iletisim Hizmetleri AS will post 0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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.

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.

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