111,628 Shares in The Magnum Ice Cream Company N.V. $MICC Acquired by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 111,628 shares of the company’s stock, valued at approximately $1,744,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas purchased a new position in Magnum Ice Cream in the 4th quarter worth $27,000. Cullen Frost Bankers Inc. purchased a new position in Magnum Ice Cream in the 4th quarter worth $28,000. Bartlett & CO. Wealth Management LLC purchased a new position in Magnum Ice Cream in the 4th quarter worth $30,000. Leonteq Securities AG purchased a new position in Magnum Ice Cream in the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC purchased a new position in Magnum Ice Cream in the 4th quarter worth $33,000.

Magnum Ice Cream Price Performance

Shares of MICC stock opened at $18.06 on Friday. The firm’s 50 day moving average is $15.17. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93.

Analyst Ratings Changes

MICC has been the subject of a number of research analyst reports. Weiss Ratings lowered Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.