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

GAMMA Investing LLC raised its holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Free Report) by 545.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 93,306 shares of the Wireless communications provider's stock after acquiring 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 SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $29,000. Aquatic Capital Management LLC increased its position in Turkcell Iletisim Hizmetleri AS by 89.4% in the 4th quarter. Aquatic Capital Management LLC now owns 4,545 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 2,145 shares during the period. GeoWealth Management LLC increased its position in Turkcell Iletisim Hizmetleri AS by 167.9% in the 4th quarter. GeoWealth Management LLC now owns 9,600 shares of the Wireless communications provider's stock valued at $62,000 after acquiring an additional 6,017 shares during the period. Franklin Resources Inc. acquired a new position in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $70,000. Finally, SVB Wealth LLC acquired a new position in Turkcell Iletisim Hizmetleri AS in the 4th quarter valued at approximately $82,000.

Turkcell Iletisim Hizmetleri AS Trading Down 1.3%

Shares of TKC traded down $0.08 during trading hours on Friday, hitting $5.78. 1,879,289 shares of the stock were exchanged, compared to its average volume of 680,290. Turkcell Iletisim Hizmetleri AS has a fifty-two week low of $5.66 and a fifty-two week high of $8.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.72. The business has a 50-day moving average of $6.11 and a 200-day moving average of $6.58. The firm has a market capitalization of $5.08 billion, a P/E ratio of 3.93 and a beta of 0.90.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The Wireless communications provider reported $0.09 earnings per share for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 13.52% and a return on equity of 6.56%. The company had revenue of $1.19 billion during the quarter. On average, research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.26 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.0866 per share. This represents a dividend yield of 4.02%. The ex-dividend date is Monday, June 23rd. Turkcell Iletisim Hizmetleri AS's dividend payout ratio (DPR) is presently 10.20%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Turkcell Iletisim Hizmetleri AS from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 20th.

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.