Renaissance Technologies LLC Purchases 369,107 Shares of Turkcell Iletisim Hizmetleri AS $TKC

Renaissance Technologies LLC grew its holdings in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 28.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,649,707 shares of the Wireless communications provider’s stock after purchasing an additional 369,107 shares during the quarter. Renaissance Technologies LLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $9,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in shares of Turkcell Iletisim Hizmetleri AS by 50.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,097 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 1,698 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Turkcell Iletisim Hizmetleri AS during the fourth quarter valued at approximately $28,000. WealthCollab LLC raised its position in Turkcell Iletisim Hizmetleri AS by 59.7% in the fourth quarter. WealthCollab LLC now owns 6,002 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 2,244 shares during the period. Arax Advisory Partners raised its position in Turkcell Iletisim Hizmetleri AS by 381.2% in the fourth quarter. Arax Advisory Partners now owns 7,493 shares of the Wireless communications provider’s stock worth $41,000 after acquiring an additional 5,936 shares during the period. Finally, Erste Asset Management GmbH purchased a new position in shares of Turkcell Iletisim Hizmetleri AS during the 4th quarter worth $44,000.

Turkcell Iletisim Hizmetleri AS Stock Up 0.1%

TKC stock opened at $5.38 on Monday. Turkcell Iletisim Hizmetleri AS has a twelve month low of $5.29 and a twelve month high of $7.18. The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.74 billion, a P/E ratio of 11.22 and a beta of 0.97. The business’s 50-day moving average price is $5.82 and its 200-day moving average price is $6.19.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.54 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a return on equity of 6.79% and a net margin of 7.27%. On average, equities research analysts forecast that Turkcell Iletisim Hizmetleri AS will post 0.93 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Turkcell Iletisim Hizmetleri AS in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Turkcell Iletisim Hizmetleri AS Company Profile

Turkcell Iletisim Hizmetleri AS, traded on the NYSE under the symbol TKC, is a leading integrated telecommunications and technology company headquartered in Istanbul, Turkey. Since its founding in 1994 as the country’s first GSM operator, Turkcell has expanded its footprint to offer a comprehensive suite of mobile voice, messaging and data services to millions of subscribers. The company has made significant investments in nationwide 4.5G and 5G network infrastructure to deliver high-speed connectivity across both urban centers and rural regions.

In addition to its core mobile offerings, Turkcell provides fixed broadband and fiber-optic services tailored to consumer and enterprise customers.