Janus Henderson Group PLC trimmed its holdings in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) by 90.6% during the first quarter, Holdings Channel.com reports. The firm owned 283,065 shares of the company’s stock after selling 2,721,985 shares during the quarter. Janus Henderson Group PLC’s holdings in Magnum Ice Cream were worth $4,140,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. FIL Ltd acquired a new position in Magnum Ice Cream during the 4th quarter valued at about $360,762,000. Vanguard Group Inc. acquired a new stake in shares of Magnum Ice Cream in the 4th quarter worth approximately $344,031,000. First Eagle Investment Management LLC bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $260,541,000. Norges Bank bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $173,632,000. Finally, Barclays PLC acquired a new stake in Magnum Ice Cream in the fourth quarter worth approximately $156,326,000.
Magnum Ice Cream Price Performance
Shares of Magnum Ice Cream stock opened at $19.24 on Friday. The stock’s fifty day moving average is $17.90 and its 200-day moving average is $16.44. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on MICC shares. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Magnum Ice Cream currently has an average rating of “Hold”.
View Our Latest Report on MICC
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.
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