Lazard Asset Management LLC Has $176,000 Stock Holdings in The Magnum Ice Cream Company N.V. $MICC

Lazard Asset Management LLC decreased its position in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 98.5% during the 1st quarter, HoldingsChannel reports. The fund owned 11,858 shares of the company’s stock after selling 765,969 shares during the quarter. Lazard Asset Management LLC’s holdings in Magnum Ice Cream were worth $176,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MICC. UBS Group AG bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $97,064,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Magnum Ice Cream in the fourth quarter valued at $5,807,000. Generali Asset Management SPA SGR bought a new position in Magnum Ice Cream in the fourth quarter valued at $1,644,000. Ruffer LLP acquired a new stake in Magnum Ice Cream in the 4th quarter valued at $5,398,000. Finally, ASR Vermogensbeheer N.V. acquired a new stake in Magnum Ice Cream in the 4th quarter valued at $3,156,000.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday. Finally, Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Magnum Ice Cream Price Performance

Shares of MICC opened at $19.24 on Friday. The Magnum Ice Cream Company N.V. has a 1-year low of $12.94 and a 1-year high of $19.93. The company’s fifty day simple moving average is $17.90 and its 200 day simple moving average is $16.44. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.78 and a current ratio of 1.01.

Magnum Ice Cream (NYSE:MICC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $2.68 billion for the quarter. As a group, analysts expect that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current fiscal year.

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.