Y Intercept Hong Kong Ltd Acquires New Holdings in The Magnum Ice Cream Company N.V. $MICC

Y Intercept Hong Kong Ltd acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the first quarter, Holdings Channel reports. The fund acquired 78,005 shares of the company’s stock, valued at approximately $1,166,000.

Several other large investors have also recently made changes to their positions in MICC. UBS Group AG bought a new position in Magnum Ice Cream in the fourth quarter worth about $97,064,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Magnum Ice Cream during the 4th quarter worth approximately $5,807,000. Generali Asset Management SPA SGR acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $1,644,000. Ruffer LLP purchased a new position in Magnum Ice Cream in the fourth quarter worth $5,398,000. Finally, ASR Vermogensbeheer N.V. acquired a new position in shares of Magnum Ice Cream during the fourth quarter worth $3,156,000.

Analysts Set New Price Targets

MICC has been the subject of a number of recent analyst reports. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Magnum Ice Cream Stock Performance

Magnum Ice Cream stock traded up $0.17 during trading hours on Friday, hitting $18.55. 1,710,786 shares of the stock traded hands, compared to its average volume of 1,289,193. The firm’s 50 day moving average price is $16.75. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93.

About Magnum Ice Cream

The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.