Turkcell Iletisim Hizmetleri A.S. (TKC) Stake Decreased by Alps Advisors Inc.

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Alps Advisors Inc. reduced its stake in shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,776 shares of the Wireless communications provider’s stock after selling 42,187 shares during the period. Alps Advisors Inc.’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $606,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 18.6% in the second quarter. Bank of New York Mellon Corp now owns 90,249 shares of the Wireless communications provider’s stock worth $590,000 after acquiring an additional 14,146 shares in the last quarter. Millennium Management LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 2,037.8% in the second quarter. Millennium Management LLC now owns 741,551 shares of the Wireless communications provider’s stock valued at $4,850,000 after buying an additional 706,864 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 26.9% in the third quarter. Bank of Montreal Can now owns 151,378 shares of the Wireless communications provider’s stock valued at $730,000 after buying an additional 32,042 shares during the last quarter. Aperio Group LLC lifted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 67.2% in the third quarter. Aperio Group LLC now owns 495,062 shares of the Wireless communications provider’s stock valued at $2,386,000 after buying an additional 199,047 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in shares of Turkcell Iletisim Hizmetleri A.S. by 34.5% during the third quarter. Gabelli Funds LLC now owns 718,000 shares of the Wireless communications provider’s stock worth $3,461,000 after purchasing an additional 184,000 shares during the period. Institutional investors and hedge funds own 3.59% of the company’s stock.

Shares of NYSE:TKC opened at $6.92 on Thursday. The stock has a market capitalization of $6.19 billion, a PE ratio of 8.87 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.55 and a current ratio of 1.56. Turkcell Iletisim Hizmetleri A.S. has a 1 year low of $3.93 and a 1 year high of $10.36.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Turkcell Iletisim Hizmetleri A.S. from a “neutral” rating to an “overweight” rating in a research note on Friday, January 18th. Zacks Investment Research upgraded Turkcell Iletisim Hizmetleri A.S. from a “sell” rating to a “hold” rating in a research note on Friday, November 16th.

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About Turkcell Iletisim Hizmetleri A.S.

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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