Ritholtz Wealth Management Sells 7,641 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Ritholtz Wealth Management lowered its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 351,969 shares of the Wireless communications provider’s stock after selling 7,641 shares during the quarter. Ritholtz Wealth Management’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $2,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Turkcell Iletisim Hizmetleri A.S. in the third quarter worth about $793,000. US Bancorp DE increased its stake in Turkcell Iletisim Hizmetleri A.S. by 15.2% in the 3rd quarter. US Bancorp DE now owns 33,814 shares of the Wireless communications provider’s stock worth $233,000 after acquiring an additional 4,462 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 24.2% during the 3rd quarter. Cerity Partners LLC now owns 86,760 shares of the Wireless communications provider’s stock worth $597,000 after acquiring an additional 16,909 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Turkcell Iletisim Hizmetleri A.S. by 10.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,308 shares of the Wireless communications provider’s stock valued at $942,000 after acquiring an additional 11,415 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 31.3% in the third quarter. BNP Paribas Financial Markets now owns 669,247 shares of the Wireless communications provider’s stock valued at $4,604,000 after purchasing an additional 159,572 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Turkcell Iletisim Hizmetleri A.S. Trading Up 1.5 %

Shares of NYSE:TKC opened at $7.04 on Friday. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $4.76 and a 12 month high of $8.47. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $6.68 and a 200 day moving average price of $6.96.

Turkcell Iletisim Hizmetleri A.S. Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.