Rathbones Group PLC Purchases New Stake in The Magnum Ice Cream Company N.V. $MICC

Rathbones Group PLC acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,078,454 shares of the company’s stock, valued at approximately $32,931,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Magnum Ice Cream in the 4th quarter worth about $3,008,000. QV Investors Inc. bought a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $794,000. Banque Pictet & Cie SA acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $729,000. Eldred Rock Partners LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $490,000. Finally, Advocate Group LLC bought a new position in Magnum Ice Cream in the fourth quarter worth about $365,000.

Magnum Ice Cream Stock Up 0.0%

Magnum Ice Cream stock opened at $14.31 on Monday. The Magnum Ice Cream Company N.V. has a 52-week low of $14.15 and a 52-week high of $19.93. The firm’s 50-day moving average price is $16.21.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MICC shares. Zacks Research downgraded Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings lowered Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Oddo Bhf began coverage on Magnum Ice Cream in a research note on Thursday, January 15th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Magnum Ice Cream has a consensus rating of “Reduce”.

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.