The Manufacturers Life Insurance Company Sells 92,348 Shares of The Magnum Ice Cream Company N.V. $MICC

The Manufacturers Life Insurance Company lowered its position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 37.6% in the first quarter, Holdings Channel reports. The firm owned 152,944 shares of the company’s stock after selling 92,348 shares during the period. The Manufacturers Life Insurance Company’s holdings in Magnum Ice Cream were worth $2,230,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MICC. UBS Group AG bought a new position in shares of Magnum Ice Cream during the fourth quarter worth $97,064,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $5,807,000. Generali Asset Management SPA SGR acquired a new stake in Magnum Ice Cream during the 4th quarter worth $1,644,000. Ruffer LLP acquired a new stake in Magnum Ice Cream during the 4th quarter worth $5,398,000. Finally, ASR Vermogensbeheer N.V. bought a new position in Magnum Ice Cream during the fourth quarter worth about $3,156,000.

Magnum Ice Cream Stock Performance

MICC opened at $19.24 on Friday. The business’s 50-day moving average price is $17.90 and its two-hundred day moving average price is $16.44. 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.

Magnum Ice Cream (NYSE:MICC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion during the quarter. On average, equities research analysts anticipate that The Magnum Ice Cream Company N.V. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.