Cheviot Value Management LLC Acquires Shares of 74,222 The Magnum Ice Cream Company N.V. $MICC

Cheviot Value Management LLC bought a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 74,222 shares of the company’s stock, valued at approximately $1,176,000.

Several other institutional investors and hedge funds have also modified their holdings of MICC. UBS Group AG acquired a new position in Magnum Ice Cream in the 4th quarter worth about $97,064,000. Ruffer LLP acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $5,398,000. Ninety One UK Ltd acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $7,710,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at approximately $3,008,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Magnum Ice Cream in the fourth quarter worth approximately $5,807,000.

Analyst Upgrades and Downgrades

MICC has been the subject of a number of analyst reports. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Oddo Bhf started coverage on shares of Magnum Ice Cream in a report on Thursday, January 15th. They issued an “outperform” rating for the company. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Magnum Ice Cream has a consensus rating of “Reduce”.

Magnum Ice Cream Trading Up 1.0%

MICC opened at $14.82 on Friday. The firm has a 50 day simple moving average of $14.69. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-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.