Aperio Group LLC cut its position in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 4.1% during the second quarter, Holdings Channel reports. The institutional investor owned 304,658 shares of the Wireless communications provider’s stock after selling 12,861 shares during the period. Aperio Group LLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $2,498,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Turkcell Iletisim Hizmetleri AS by 41.2% in the first quarter. Ameriprise Financial Inc. now owns 14,163 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 4,136 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth approximately $2,629,000. Gabelli Funds LLC increased its position in shares of Turkcell Iletisim Hizmetleri AS by 1.0% in the first quarter. Gabelli Funds LLC now owns 637,000 shares of the Wireless communications provider’s stock worth $5,274,000 after buying an additional 6,000 shares in the last quarter. World Asset Management Inc increased its position in shares of Turkcell Iletisim Hizmetleri AS by 1.5% in the first quarter. World Asset Management Inc now owns 54,833 shares of the Wireless communications provider’s stock worth $454,000 after buying an additional 821 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Turkcell Iletisim Hizmetleri AS by 2.0% in the first quarter. Comerica Bank now owns 52,412 shares of the Wireless communications provider’s stock worth $458,000 after buying an additional 1,033 shares in the last quarter. 5.70% of the stock is currently owned by institutional investors and hedge funds.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) traded down 0.11% during midday trading on Monday, reaching $9.06. 106,217 shares of the company traded hands. The firm has a 50 day moving average of $8.44 and a 200-day moving average of $8.21. Turkcell Iletisim Hizmetleri AS has a 12 month low of $6.35 and a 12 month high of $9.48. The stock’s market capitalization is $7.97 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last posted its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $1.22 billion during the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 12.16% and a return on equity of 17.65%. Analysts forecast that Turkcell Iletisim Hizmetleri AS will post $0.66 EPS for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be given a $0.3213 dividend. The ex-dividend date is Friday, September 15th. Turkcell Iletisim Hizmetleri AS’s dividend payout ratio is 45.45%.

WARNING: “Aperio Group LLC Cuts Position in Turkcell Iletisim Hizmetleri AS (TKC)” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/07/aperio-group-llc-cuts-position-in-turkcell-iletisim-hizmetleri-as-tkc.html.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Citigroup Inc. raised shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 25th. ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Finally, VTB Capital raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.50.

About Turkcell Iletisim Hizmetleri AS

Turkcell Iletisim Hizmetleri AS is engaged in establishing and operating a Global System for Mobile Communications (GSM) network in Turkey and regional states. The Company’s segments include Turkcell Turkey, which includes the operations of Turkcell Superonline, Turkcell Satis ve Dagitim Hizmetleri A.S., group call center operations of Global Bilgi Pazarlama Danisma ve Cagri Servisi Hizmetleri A.S., Turktell Bilisim Servisleri A.S., Kule Hizmet ve Isletmecilik A.S., Turkcell Odeme Hizmetleri A.S.

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 AS (NYSE:TKC).

Institutional Ownership by Quarter for Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Receive News & Ratings for Turkcell Iletisim Hizmetleri AS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turkcell Iletisim Hizmetleri AS and related companies with MarketBeat.com's FREE daily email newsletter.