Saturna Capital Corp bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 121,551 shares of the company’s stock, valued at approximately $1,927,000.
Other hedge funds have also modified their holdings of the company. BNP Paribas acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $30,000. Leonteq Securities AG acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $33,000.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on MICC shares. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Weiss Ratings cut Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
Magnum Ice Cream Stock Up 1.7%
NYSE MICC opened at $17.77 on Thursday. The company has a fifty day moving average price of $15.11. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.
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.
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