Discerene Group LP Decreases Stock Position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Discerene Group LP trimmed its holdings in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 68.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,788 shares of the Wireless communications provider’s stock after selling 443,281 shares during the period. Turkcell Iletisim Hizmetleri A.S. makes up about 0.2% of Discerene Group LP’s investment portfolio, making the stock its 11th largest holding. Discerene Group LP’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Atlas Capital Advisors LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the second quarter worth approximately $71,000. Aprio Wealth Management LLC bought a new stake in Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter worth approximately $77,000. Verdence Capital Advisors LLC purchased a new stake in Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $72,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter valued at $75,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 68.2% during the 2nd quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock valued at $85,000 after buying an additional 4,545 shares during the period.

Turkcell Iletisim Hizmetleri A.S. Trading Down 0.7 %

NYSE TKC opened at $6.64 on Wednesday. The company has a 50-day moving average price of $6.55 and a 200-day moving average price of $7.09. Turkcell Iletisim Hizmetleri A.S. has a 52 week low of $4.48 and a 52 week high of $8.47. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) last announced its earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.07 billion during the quarter. As a group, analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

About Turkcell Iletisim Hizmetleri A.S.

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.