Ritholtz Wealth Management Reduces Stock Holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Ritholtz Wealth Management lowered its holdings in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 397,649 shares of the Wireless communications provider’s stock after selling 35,977 shares during the quarter. Ritholtz Wealth Management’s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $1,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC grew its position in Turkcell Iletisim Hizmetleri A.S. by 2,921.5% during the 2nd quarter. FMR LLC now owns 11,089 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 10,722 shares during the period. Lindbrook Capital LLC grew its holdings in Turkcell Iletisim Hizmetleri A.S. by 45.4% during the third quarter. Lindbrook Capital LLC now owns 8,116 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 2,533 shares during the period. Tower Research Capital LLC TRC raised its position in Turkcell Iletisim Hizmetleri A.S. by 54,076.5% during the first quarter. Tower Research Capital LLC TRC now owns 9,210 shares of the Wireless communications provider’s stock valued at $40,000 after acquiring an additional 9,193 shares in the last quarter. Colonial River Wealth Management LLC acquired a new position in Turkcell Iletisim Hizmetleri A.S. in the third quarter valued at approximately $48,000. Finally, Barclays PLC acquired a new stake in shares of Turkcell Iletisim Hizmetleri A.S. during the 4th quarter worth approximately $48,000.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Turkcell Iletisim Hizmetleri A.S. from a “strong-buy” rating to a “hold” rating in a report on Friday, March 22nd.

Turkcell Iletisim Hizmetleri A.S. Price Performance

NYSE TKC traded up $0.12 during trading hours on Thursday, reaching $5.19. The company’s stock had a trading volume of 516,284 shares, compared to its average volume of 304,313. The company’s 50-day moving average is $5.28 and its two-hundred day moving average is $4.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.66 and a current ratio of 1.78. Turkcell Iletisim Hizmetleri A.S. has a 1-year low of $3.52 and a 1-year high of $5.73.

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.