The Magnum Ice Cream Company N.V. $MICC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 96.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 403,795 shares of the company’s stock after purchasing an additional 197,806 shares during the quarter. Quantinno Capital Management LP’s holdings in Magnum Ice Cream were worth $6,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MICC. BNP Paribas purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth $27,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $30,000. Leonteq Securities AG purchased a new stake in Magnum Ice Cream during the 4th quarter worth about $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $33,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research note on Wednesday. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Magnum Ice Cream Stock Up 3.2%

NYSE:MICC opened at $18.87 on Thursday. The stock has a 50 day moving average of $17.79 and a 200-day moving average of $16.40. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.

Magnum Ice Cream (NYSE:MICC) last issued its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The company had revenue of $2.68 billion during the quarter. Sell-side analysts expect that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current year.

Magnum Ice Cream Company Profile

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.