Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the fourth quarter, HoldingsChannel reports. The firm bought 75,043 shares of the company’s stock, valued at approximately $1,159,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $30,000. V Square Quantitative Management LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $33,000. First Pacific Financial acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $42,000. Maseco LLP acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $42,000. Finally, North Star Investment Management Corp. acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $43,000.
Analyst Ratings Changes
A number of research firms recently weighed in on MICC. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Finally, Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One equities 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. According to MarketBeat, the stock has an average rating of “Reduce”.
Magnum Ice Cream Stock Performance
Shares of MICC opened at $16.68 on Friday. The Magnum Ice Cream Company N.V. has a one year low of $12.94 and a one year high of $19.93. The stock has a 50 day simple moving average of $14.63.
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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