Evelyn Partners Investment Management LLP Takes $6.32 Million Position in The Magnum Ice Cream Company N.V. $MICC

Evelyn Partners Investment Management LLP acquired a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, HoldingsChannel reports. The fund acquired 395,397 shares of the company’s stock, valued at approximately $6,324,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MICC. BNP Paribas bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $30,000. Leonteq Securities AG bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $30,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $33,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MICC shares. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Weiss Ratings downgraded shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. 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. Finally, Berenberg Bank raised shares of 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Down 0.7%

Shares of NYSE MICC opened at $17.90 on Friday. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $19.93. The firm’s 50 day simple moving average is $15.24.

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.