Forsta AP Fonden bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 104,938 shares of the company’s stock, valued at approximately $1,663,000.
Other large investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $28,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $30,000. Leonteq Securities AG purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $33,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $37,000.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. 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. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Weiss Ratings cut shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.
Magnum Ice Cream Stock Down 0.5%
NYSE:MICC opened at $16.72 on Thursday. The business’s fifty day moving average is $14.86. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $19.93.
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.
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