Quantinno Capital Management LP Raises Stake in Turkcell Iletisim Hizmetleri AS $TKC

Quantinno Capital Management LP grew its holdings in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 1,053.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 567,357 shares of the Wireless communications provider’s stock after acquiring an additional 518,158 shares during the quarter. Quantinno Capital Management LP’s holdings in Turkcell Iletisim Hizmetleri AS were worth $3,421,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in Turkcell Iletisim Hizmetleri AS by 50.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter worth approximately $28,000. WealthCollab LLC grew its holdings in Turkcell Iletisim Hizmetleri AS by 59.7% in the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 2,244 shares during the last quarter. Arax Advisory Partners increased its holdings in Turkcell Iletisim Hizmetleri AS by 381.2% during the 4th quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 5,936 shares in the last quarter. Finally, Erste Asset Management GmbH purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter worth approximately $44,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Turkcell Iletisim Hizmetleri AS presently has a consensus rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Price Performance

NYSE:TKC opened at $5.50 on Friday. Turkcell Iletisim Hizmetleri AS has a 12-month low of $5.29 and a 12-month high of $7.18. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 11.45 and a beta of 0.97. The company’s 50-day moving average is $5.80 and its two-hundred day moving average is $6.17. The company has a current ratio of 1.69, a quick ratio of 1.68 and a debt-to-equity ratio of 0.58.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last issued its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.12 EPS for the quarter. The business had revenue of $1.54 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 7.27% and a return on equity of 6.79%. Research analysts expect that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.