Fisher Asset Management LLC Invests $10.48 Million in The Magnum Ice Cream Company N.V. $MICC

Fisher Asset Management LLC acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 661,378 shares of the company’s stock, valued at approximately $10,483,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in Magnum Ice Cream during the fourth quarter worth $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth $30,000. Leonteq Securities AG acquired a new stake in Magnum Ice Cream during the fourth quarter worth $30,000. V Square Quantitative Management LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth $33,000. Finally, Larson Financial Group LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth $37,000.

Magnum Ice Cream Stock Performance

Shares of NYSE:MICC opened at $16.34 on Thursday. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93. The firm has a fifty day moving average price of $14.72.

Analyst Ratings Changes

MICC has been the topic of a number of recent research reports. 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. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. Finally, BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Magnum Ice Cream has a consensus rating of “Reduce”.

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.