Camelot Portfolios LLC Buys New Holdings in The Magnum Ice Cream Company N.V. $MICC

Camelot Portfolios LLC acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,800 shares of the company’s stock, valued at approximately $780,000.

Several other hedge funds also recently added to or reduced their stakes in MICC. FIL Ltd purchased a new stake in Magnum Ice Cream during the fourth quarter worth $360,762,000. Vanguard Group Inc. acquired a new position in Magnum Ice Cream in the 4th quarter worth about $344,031,000. First Eagle Investment Management LLC purchased a new position in Magnum Ice Cream during the fourth quarter worth approximately $260,541,000. Flossbach Von Storch SE acquired a new stake in Magnum Ice Cream in the second quarter valued at approximately $218,507,000. Finally, Norges Bank purchased a new stake in shares of Magnum Ice Cream in the fourth quarter valued at approximately $173,632,000.

Analyst Ratings Changes

A number of research firms have recently commented on MICC. Zacks Research raised shares of 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 research note on Thursday, June 25th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Magnum Ice Cream has a consensus rating of “Hold”.

Magnum Ice Cream Trading Up 0.2%

Magnum Ice Cream stock opened at $20.22 on Monday. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $20.49. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 3.10. The firm has a 50 day moving average price of $18.67 and a 200 day moving average price of $16.65.

Magnum Ice Cream (NYSE:MICC) last announced its earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion for the quarter. Analysts forecast that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current fiscal year.

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.