Pzena Investment Management LLC Buys Shares of 7,036,187 The Magnum Ice Cream Company N.V. $MICC

Pzena Investment Management LLC bought a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,036,187 shares of the company’s stock, valued at approximately $105,191,000.

A number of other hedge funds have also made changes to their positions in the stock. FIL Ltd acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth approximately $360,762,000. Vanguard Group Inc. acquired a new position in Magnum Ice Cream in the 4th quarter valued at approximately $344,031,000. First Eagle Investment Management LLC acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at $260,541,000. Norges Bank acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at $173,632,000. Finally, Barclays PLC purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at $156,326,000.

Magnum Ice Cream Trading Up 3.6%

Shares of MICC opened at $18.04 on Thursday. The business’s fifty day simple moving average is $15.98. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month high of $19.93.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday. The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Magnum Ice Cream 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.