GAMMA Investing LLC Has $580,000 Stock Position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

GAMMA Investing LLC lifted its stake in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 545.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,306 shares of the Wireless communications provider's stock after purchasing an additional 78,853 shares during the quarter. GAMMA Investing LLC's holdings in Turkcell Iletisim Hizmetleri AS were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in Turkcell Iletisim Hizmetleri AS in the fourth quarter valued at about $2,082,000. Marshall Wace LLP lifted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 136.2% during the fourth quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider's stock worth $3,359,000 after purchasing an additional 297,554 shares during the period. Northern Trust Corp grew its stake in shares of Turkcell Iletisim Hizmetleri AS by 389.1% in the fourth quarter. Northern Trust Corp now owns 298,845 shares of the Wireless communications provider's stock worth $1,945,000 after purchasing an additional 237,739 shares during the last quarter. Vise Technologies Inc. increased its holdings in Turkcell Iletisim Hizmetleri AS by 84.2% in the fourth quarter. Vise Technologies Inc. now owns 395,681 shares of the Wireless communications provider's stock valued at $2,576,000 after purchasing an additional 180,918 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Turkcell Iletisim Hizmetleri AS by 25.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider's stock valued at $4,500,000 after purchasing an additional 140,489 shares during the period.

Turkcell Iletisim Hizmetleri AS Trading Down 0.8%

TKC stock traded down $0.05 during trading on Thursday, hitting $5.84. The company had a trading volume of 1,007,162 shares, compared to its average volume of 675,204. The stock has a market cap of $5.13 billion, a PE ratio of 3.97 and a beta of 0.90. The business has a 50-day moving average of $6.12 and a 200-day moving average of $6.59. The company has a current ratio of 1.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. Turkcell Iletisim Hizmetleri AS has a one year low of $5.66 and a one year high of $8.47.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.52% and a return on equity of 6.56%. The firm had revenue of $1.19 billion for the quarter. 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 company also recently declared a dividend, which will be paid on Tuesday, July 1st. Shareholders 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 (DPR) is currently 10.20%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "strong-buy" rating in a report 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.