Pzena Investment Management LLC Buys New Shares in The Magnum Ice Cream Company N.V. $MICC

Pzena Investment Management LLC bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,036,187 shares of the company’s stock, valued at approximately $105,191,000. Pzena Investment Management LLC owned approximately 1.15% of Magnum Ice Cream as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. bought a new stake in shares of Magnum Ice Cream during the 4th quarter worth $28,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Magnum Ice Cream in the 4th quarter worth $30,000. Leonteq Securities AG acquired a new position in shares of Magnum Ice Cream in the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Magnum Ice Cream in the 4th quarter worth $33,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday. Finally, The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Magnum Ice Cream presently has a consensus rating of “Hold”.

Magnum Ice Cream Stock Performance

Shares of NYSE:MICC opened at $18.04 on Thursday. The firm’s fifty day moving average price 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.

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.