Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its position in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,000 shares of the Wireless communications provider’s stock after selling 120,000 shares during the period. Gabelli Funds LLC owned approximately 0.06% of Turkcell Iletisim Hizmetleri A.S. worth $3,035,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TKC. Campbell & CO Investment Adviser LLC grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 54.0% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 33,188 shares of the Wireless communications provider’s stock valued at $182,000 after purchasing an additional 11,643 shares in the last quarter. Oldfield Partners LLP boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 14.0% during the 2nd quarter. Oldfield Partners LLP now owns 5,892,998 shares of the Wireless communications provider’s stock valued at $32,294,000 after acquiring an additional 721,794 shares during the last quarter. First Trust Advisors LP bought a new position in Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter valued at $69,000. Aperio Group LLC boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 2.6% during the 2nd quarter. Aperio Group LLC now owns 653,798 shares of the Wireless communications provider’s stock valued at $3,583,000 after acquiring an additional 16,364 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Turkcell Iletisim Hizmetleri A.S. by 11.1% during the 2nd quarter. Wells Fargo & Company MN now owns 358,687 shares of the Wireless communications provider’s stock valued at $1,966,000 after acquiring an additional 35,714 shares during the last quarter. 3.09% of the stock is owned by institutional investors and hedge funds.

NYSE TKC traded up $0.03 during trading hours on Friday, reaching $5.83. 475,554 shares of the company traded hands, compared to its average volume of 497,673. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.60 and a 12 month high of $7.16. The company has a current ratio of 1.52, a quick ratio of 1.71 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $4.93 billion, a PE ratio of 12.15, a PEG ratio of 0.58 and a beta of 0.67. The company has a 50 day moving average of $5.57 and a two-hundred day moving average of $5.43.

The business also recently disclosed a — dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.202 per share. The ex-dividend date was Thursday, October 31st. This represents a yield of 3.3%. Turkcell Iletisim Hizmetleri A.S.’s dividend payout ratio (DPR) is 29.17%.

TKC has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research upgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $7.25.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides mobile telecommunication services for consumer, corporate, and wholesale customers. The company operates in two segments, Turkcell Turkey and Turkcell International. It offers mobile communication and fixed voice services; and broadband services that consist of mobile broadband, fiber to the home/building, and ADSL.

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Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

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