Groupama Asset Managment Takes $562,000 Position in The Magnum Ice Cream Company N.V. $MICC

Groupama Asset Managment purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 35,444 shares of the company’s stock, valued at approximately $562,000.

A number of other institutional investors have also recently added to or reduced their stakes in MICC. FIL Ltd acquired a new position in Magnum Ice Cream during the fourth quarter worth $360,762,000. Vanguard Group Inc. acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $344,031,000. First Eagle Investment Management LLC acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $260,541,000. Norges Bank purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $173,632,000. Finally, Barclays PLC purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $156,326,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Magnum Ice Cream Stock Down 0.0%

Magnum Ice Cream stock opened at $16.77 on Friday. The business’s fifty day simple moving average is $15.52. 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 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.