Caprock Group LLC Sells 10,810 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Caprock Group LLC cut its position in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,680 shares of the Wireless communications provider’s stock after selling 10,810 shares during the period. Caprock Group LLC’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atomi Financial Group Inc. increased its stake in Turkcell Iletisim Hizmetleri A.S. by 4.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 28,091 shares of the Wireless communications provider’s stock worth $213,000 after buying an additional 1,284 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 6.6% in the second quarter. Kathmere Capital Management LLC now owns 24,915 shares of the Wireless communications provider’s stock worth $189,000 after acquiring an additional 1,552 shares during the period. Aprio Wealth Management LLC grew its position in shares of Turkcell Iletisim Hizmetleri A.S. by 17.1% during the third quarter. Aprio Wealth Management LLC now owns 11,928 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,745 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 worth $121,000 after purchasing an additional 1,877 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its stake in Turkcell Iletisim Hizmetleri A.S. by 9.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 22,037 shares of the Wireless communications provider’s stock valued at $167,000 after purchasing an additional 1,955 shares during the period.

Turkcell Iletisim Hizmetleri A.S. Price Performance

Shares of NYSE:TKC opened at $6.76 on Friday. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 7.22 and a beta of 0.86. The firm has a fifty day moving average price of $6.54 and a 200 day moving average price of $7.09. Turkcell Iletisim Hizmetleri A.S. has a fifty-two week low of $4.48 and a fifty-two week 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) last released its quarterly earnings data on Thursday, September 12th. The Wireless communications provider reported $0.08 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 during the quarter. As a group, sell-side analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.