Jefferies Financial Group Inc. purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 513,822 shares of the company’s stock, valued at approximately $8,214,000.
A number of other large investors also recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of Magnum Ice Cream in the 4th quarter valued at $69,000. Motco bought a new position in shares of Magnum Ice Cream in the 4th quarter valued at $44,000. Leonteq Securities AG bought a new position in shares of Magnum Ice Cream in the 4th quarter valued at $30,000. Rathbones Group PLC bought a new position in shares of Magnum Ice Cream in the 4th quarter valued at $32,931,000. Finally, IFP Advisors Inc bought a new position in shares of Magnum Ice Cream in the 4th quarter valued at $187,000.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.
Magnum Ice Cream Price Performance
NYSE MICC opened at $16.05 on Monday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The firm has a fifty day moving average of $14.69.
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.
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