USS Investment Management Ltd Invests $10.01 Million in The Magnum Ice Cream Company N.V. $MICC

USS Investment Management Ltd acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 631,865 shares of the company’s stock, valued at approximately $10,007,000.

A number of other large investors also recently modified their holdings of MICC. Vanguard Group Inc. acquired a new position in shares of Magnum Ice Cream during the 4th quarter worth about $344,031,000. First Eagle Investment Management LLC acquired a new stake in Magnum Ice Cream in the 4th quarter valued at about $260,541,000. Norges Bank acquired a new stake in Magnum Ice Cream in the 4th quarter valued at about $173,632,000. Barclays PLC acquired a new stake in Magnum Ice Cream in the 4th quarter valued at about $156,326,000. Finally, M&G PLC acquired a new stake in Magnum Ice Cream in the 4th quarter valued at about $129,184,000.

Magnum Ice Cream Price Performance

Shares of MICC stock opened at $17.79 on Tuesday. The stock’s 50 day moving average is $15.31. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MICC. 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 upgraded 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 upgraded shares of Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. One 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.com, the company currently has an average rating of “Reduce”.

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.