Hennion & Walsh Asset Management Inc. Invests $75,000 in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCFree Report) during the third quarter, HoldingsChannel reports. The fund acquired 10,919 shares of the Wireless communications provider’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TKC. Atlas Capital Advisors LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at approximately $71,000. Aprio Wealth Management LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at approximately $77,000. GAMMA Investing LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 68.2% during the second quarter. GAMMA Investing LLC now owns 11,210 shares of the Wireless communications provider’s stock valued at $85,000 after purchasing an additional 4,545 shares during the period. AQR Capital Management LLC bought a new position in Turkcell Iletisim Hizmetleri A.S. during the second quarter valued at approximately $89,000. Finally, EverSource Wealth Advisors LLC lifted its position in Turkcell Iletisim Hizmetleri A.S. by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 23,224 shares of the Wireless communications provider’s stock valued at $121,000 after purchasing an additional 1,877 shares during the period.

Turkcell Iletisim Hizmetleri A.S. Stock Up 2.8 %

TKC opened at $6.38 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 0.42. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $4.07 and a 1-year high of $8.47. The firm’s 50 day simple moving average is $6.70 and its two-hundred day simple moving average is $7.03.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCGet Free Report) last released its quarterly earnings results on Thursday, September 12th. The Wireless communications provider reported $0.08 earnings per share for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 8.75% and a return on equity of 7.72%. The business had revenue of $1.07 billion for the quarter. As a group, equities research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research report on Monday, October 14th.

Get Our Latest Stock Report on Turkcell Iletisim Hizmetleri A.S.

About Turkcell Iletisim Hizmetleri A.S.

(Free Report)

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.

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Want to see what other hedge funds are holding TKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Turkcell Iletisim Hizmetleri A.S. (NYSE:TKCFree Report).

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

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