Rathbones Group PLC Has $17 Million Stake in The Magnum Ice Cream Company N.V. $MICC

Rathbones Group PLC lowered its position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 44.1% during the first quarter, HoldingsChannel reports. The fund owned 1,162,646 shares of the company’s stock after selling 916,033 shares during the quarter. Rathbones Group PLC’s holdings in Magnum Ice Cream were worth $16,999,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MICC. Blue Trust Inc. bought a new position in Magnum Ice Cream in the fourth quarter valued at about $135,000. Signaturefd LLC acquired a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $148,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $167,000. Modera Wealth Management LLC bought a new position in Magnum Ice Cream in the 4th quarter valued at approximately $637,000. Finally, Maseco LLP bought a new position in Magnum Ice Cream in the 4th quarter valued at approximately $42,000.

Magnum Ice Cream Trading Down 1.3%

Shares of NYSE MICC opened at $18.38 on Tuesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.01 and a quick ratio of 0.78. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The firm has a fifty day simple moving average of $17.69 and a 200 day simple moving average of $16.37.

Magnum Ice Cream (NYSE:MICC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion for the quarter. On average, equities research analysts predict that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MICC. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Magnum Ice Cream Company 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.