Fox Run Management L.L.C. Increases Stake in Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Fox Run Management L.L.C. increased its position in Turkcell Iletisim Hizmetleri AS (NYSE:TKC) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,300 shares of the Wireless communications provider’s stock after buying an additional 900 shares during the period. Fox Run Management L.L.C.’s holdings in Turkcell Iletisim Hizmetleri AS were worth $150,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Two Sigma Securities LLC bought a new stake in shares of Turkcell Iletisim Hizmetleri AS during the first quarter worth approximately $105,000. Paloma Partners Management Co acquired a new position in Turkcell Iletisim Hizmetleri AS during the first quarter worth $111,000. Ameriprise Financial Inc. increased its position in 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 during the period. Airain ltd acquired a new position in Turkcell Iletisim Hizmetleri AS during the first quarter worth $131,000. Finally, KCG Holdings Inc. increased its position in Turkcell Iletisim Hizmetleri AS by 33.3% in the first quarter. KCG Holdings Inc. now owns 20,172 shares of the Wireless communications provider’s stock worth $167,000 after buying an additional 5,042 shares during the period. Institutional investors and hedge funds own 5.70% of the company’s stock.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) opened at 9.10 on Friday. Turkcell Iletisim Hizmetleri AS has a 12 month low of $6.35 and a 12 month high of $9.48. The stock has a 50 day moving average of $8.62 and a 200 day moving average of $8.30. The firm’s market capitalization is $8.01 billion.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC) last announced its earnings results on Thursday, July 27th. The Wireless communications provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $1.22 billion for the quarter. Turkcell Iletisim Hizmetleri AS had a net margin of 12.16% and a return on equity of 17.65%. On average, equities analysts predict that Turkcell Iletisim Hizmetleri AS will post $0.66 earnings per share for the current fiscal year.

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

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A number of research analysts recently weighed in on TKC shares. VTB Capital raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. BidaskClub raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Turkcell Iletisim Hizmetleri AS from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, June 14th. Citigroup Inc. raised shares of Turkcell Iletisim Hizmetleri AS from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of Turkcell Iletisim Hizmetleri AS from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target 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.

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

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