Rathbones Group PLC purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,078,454 shares of the company’s stock, valued at approximately $32,931,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG bought a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $97,064,000. Ruffer LLP bought a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $5,398,000. Ninety One UK Ltd bought a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $7,710,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $3,008,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $5,807,000.
Analysts Set New Price Targets
Several analysts have recently issued reports on MICC shares. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.
Magnum Ice Cream Price Performance
Shares of NYSE:MICC opened at $16.12 on Thursday. The company’s 50 day moving average price is $14.66. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month 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.
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