Discerene Group LP Sells 443,281 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Discerene Group LP lowered its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) by 68.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Atlas Capital Advisors LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the 2nd quarter valued at approximately $71,000. Aprio Wealth Management LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 2nd quarter worth $77,000. Verdence Capital Advisors LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth $72,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. during the 3rd quarter worth $75,000. Finally, GAMMA Investing LLC increased its stake 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 worth $85,000 after purchasing an additional 4,545 shares during the last quarter.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of TKC traded up $0.14 during mid-day trading on Wednesday, hitting $6.78. 385,813 shares of the company's stock were exchanged, compared to its average volume of 514,081. The firm has a fifty day moving average of $6.55 and a two-hundred day moving average of $7.09. Turkcell Iletisim Hizmetleri A.S. has a twelve month low of $4.48 and a twelve month high of $8.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.82.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last posted 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 business had revenue of $1.07 billion for the quarter. On average, research analysts predict that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "hold" rating in a research note 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.