The Magnum Ice Cream Company N.V. $MICC Stake Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 90.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 283,065 shares of the company’s stock after selling 2,721,985 shares during the quarter. Janus Henderson Group PLC’s holdings in Magnum Ice Cream were worth $4,140,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas bought a new position in shares of Magnum Ice Cream during the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream in the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream during the fourth quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in Magnum Ice Cream during the fourth quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC bought a new position in Magnum Ice Cream during the 4th quarter worth approximately $33,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MICC. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Magnum Ice Cream Trading Up 1.7%

Shares of MICC opened at $19.24 on Friday. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.01 and a quick ratio of 0.78. The firm has a fifty day moving average of $17.90 and a 200-day moving average of $16.44.

Magnum Ice Cream (NYSE:MICC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $2.68 billion during the quarter. Equities analysts forecast that The Magnum Ice Cream Company N.V. will post 1.1 earnings per share for the current year.

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.