Transatlantique Private Wealth LLC Takes $865,000 Position in The Magnum Ice Cream Company N.V. $MICC

Transatlantique Private Wealth LLC purchased a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 54,072 shares of the company’s stock, valued at approximately $865,000.

A number of other hedge funds have also recently made changes to their positions in MICC. BNP Paribas purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at $28,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at $30,000. Leonteq Securities AG purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at $33,000.

Magnum Ice Cream Stock Down 0.5%

Shares of NYSE:MICC opened at $16.72 on Thursday. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93. The stock has a fifty day moving average of $14.86.

Wall Street Analysts Forecast Growth

MICC has been the subject of several research reports. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Magnum Ice Cream presently has an average rating of “Reduce”.

Magnum Ice Cream 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.