Evelyn Partners Investment Management LLP purchased a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 395,397 shares of the company’s stock, valued at approximately $6,324,000. Evelyn Partners Investment Management LLP owned approximately 0.06% of Magnum Ice Cream at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG purchased a new position in Magnum Ice Cream in the fourth quarter worth $97,064,000. Generali Asset Management SPA SGR purchased a new position in Magnum Ice Cream in the fourth quarter worth $1,644,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Magnum Ice Cream in the fourth quarter worth $5,807,000. Ruffer LLP purchased a new position in Magnum Ice Cream in the fourth quarter worth $5,398,000. Finally, Ninety One UK Ltd purchased a new position in Magnum Ice Cream in the fourth quarter worth $7,710,000.
Analyst Ratings Changes
MICC has been the subject of several research reports. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank upgraded 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 lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Magnum Ice Cream has an average rating of “Reduce”.
Magnum Ice Cream Stock Down 0.7%
NYSE MICC opened at $17.90 on Friday. The company’s 50-day simple moving average is $15.24. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.
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.
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