Camelot Portfolios LLC Invests $780,000 in The Magnum Ice Cream Company N.V. $MICC

Camelot Portfolios LLC bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the second quarter, Holdings Channel.com reports. The fund bought 44,800 shares of the company’s stock, valued at approximately $780,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in Magnum Ice Cream by 2.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company’s stock worth $612,000 after acquiring an additional 1,159 shares in the last quarter. Keybank National Association OH increased its position in shares of Magnum Ice Cream by 11.2% in the 1st quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock valued at $206,000 after purchasing an additional 1,387 shares during the last quarter. BNP Paribas acquired a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $27,000. Credit Industriel ET Commercial raised its holdings in shares of Magnum Ice Cream by 144.4% in the 1st quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth $28,000.

Magnum Ice Cream Price Performance

Magnum Ice Cream stock opened at $20.22 on Monday. The stock has a 50-day simple moving average of $18.67 and a 200-day simple moving average of $16.65. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.01 and a quick ratio of 0.78. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $20.49.

Magnum Ice Cream (NYSE:MICC) last announced its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $2.68 billion for the quarter. As a group, research analysts forecast that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.