Cubist Systematic Strategies LLC increased its stake in shares of Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 152.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,671 shares of the Wireless communications provider’s stock after acquiring an additional 21,542 shares during the period. Cubist Systematic Strategies LLC’s holdings in Turkcell Iletisim Hizmetleri AS were worth $315,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TKC. FMR LLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri AS during the second quarter worth $4,296,000. Glovista Investments LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 197.6% during the third quarter. Glovista Investments LLC now owns 447,523 shares of the Wireless communications provider’s stock worth $3,947,000 after acquiring an additional 297,127 shares during the period. NWQ Investment Management Company LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 26.8% during the third quarter. NWQ Investment Management Company LLC now owns 1,348,823 shares of the Wireless communications provider’s stock worth $11,897,000 after acquiring an additional 285,384 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 157.6% during the third quarter. Russell Investments Group Ltd. now owns 377,180 shares of the Wireless communications provider’s stock worth $3,326,000 after acquiring an additional 230,774 shares during the period. Finally, Oldfield Partners LLP raised its holdings in shares of Turkcell Iletisim Hizmetleri AS by 5.0% during the third quarter. Oldfield Partners LLP now owns 4,042,096 shares of the Wireless communications provider’s stock worth $35,650,000 after acquiring an additional 194,300 shares during the period. Institutional investors and hedge funds own 3.33% of the company’s stock.

Shares of Turkcell Iletisim Hizmetleri AS (NYSE TKC) opened at $9.99 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.61. Turkcell Iletisim Hizmetleri AS has a 52 week low of $6.50 and a 52 week high of $10.39. The stock has a market cap of $8,750.00, a price-to-earnings ratio of 15.37 and a beta of 0.97.

The firm also recently declared an annual dividend, which was paid on Tuesday, December 26th. Shareholders of record on Monday, December 18th were paid a $0.2887 dividend. This is a positive change from Turkcell Iletisim Hizmetleri AS’s previous annual dividend of $0.14. This represents a yield of 3.16%. The ex-dividend date of this dividend was Friday, December 15th. Turkcell Iletisim Hizmetleri AS’s payout ratio is presently 120.00%.

Separately, Zacks Investment Research lowered shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $10.00.

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Turkcell Iletisim Hizmetleri AS Company Profile

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.

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

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