USS Investment Management Ltd Sells 552,339 Shares of The Magnum Ice Cream Company N.V. $MICC

USS Investment Management Ltd reduced its holdings in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 87.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,526 shares of the company’s stock after selling 552,339 shares during the quarter. USS Investment Management Ltd’s holdings in Magnum Ice Cream were worth $1,166,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages recently issued reports on MICC. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Monday. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Finally, BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Magnum Ice Cream currently has a consensus rating of “Hold”.

Magnum Ice Cream Trading Up 0.0%

Shares of NYSE MICC opened at $18.73 on Friday. The business has a 50 day simple moving average of $16.20. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month 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.