6,429,296 Shares in The Magnum Ice Cream Company N.V. $MICC Bought by Madison Avenue Partners LP

Madison Avenue Partners LP acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,429,296 shares of the company’s stock, valued at approximately $101,904,000. Magnum Ice Cream makes up about 4.4% of Madison Avenue Partners LP’s portfolio, making the stock its 10th biggest holding. Madison Avenue Partners LP owned approximately 1.05% of Magnum Ice Cream as of its most recent filing with the SEC.

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

Magnum Ice Cream Stock Down 1.9%

Magnum Ice Cream stock opened at $17.10 on Thursday. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $19.93. The firm has a 50-day moving average price of $15.42.

Wall Street Analyst Weigh In

MICC has been the subject of several analyst reports. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Magnum Ice Cream presently has a consensus rating of “Reduce”.

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.