54,072 Shares in The Magnum Ice Cream Company N.V. $MICC Acquired by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC purchased a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,072 shares of the company’s stock, valued at approximately $865,000.

A number of other hedge funds also recently modified their holdings of MICC. Compagnie Lombard Odier SCmA bought a new stake in shares of Magnum Ice Cream in the 4th quarter worth approximately $3,008,000. Bank Pictet & Cie Europe AG bought a new stake in shares of Magnum Ice Cream in the 4th quarter worth approximately $197,000. Banque Pictet & Cie SA bought a new stake in shares of Magnum Ice Cream in the 4th quarter worth approximately $729,000. Blue Trust Inc. purchased a new position in Magnum Ice Cream in the 4th quarter valued at approximately $135,000. Finally, First Pacific Financial purchased a new position in Magnum Ice Cream in the 4th quarter valued at approximately $42,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MICC shares. 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. 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. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Down 0.5%

Magnum Ice Cream stock opened at $16.72 on Thursday. The Magnum Ice Cream Company N.V. has a 1-year low of $12.94 and a 1-year high of $19.93. The firm has a 50 day simple moving average of $14.86.

About Magnum Ice Cream

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.