UBS Group AG acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,123,925 shares of the company’s stock, valued at approximately $97,064,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new position in Magnum Ice Cream in the fourth quarter worth $30,000. V Square Quantitative Management LLC acquired a new position in Magnum Ice Cream in the fourth quarter worth $33,000. First Pacific Financial acquired a new position in Magnum Ice Cream in the fourth quarter worth $42,000. Maseco LLP bought a new stake in Magnum Ice Cream in the fourth quarter valued at $42,000. Finally, TD Waterhouse Canada Inc. bought a new stake in Magnum Ice Cream in the fourth quarter valued at $57,000.
Analysts Set New Price Targets
A number of research firms have issued reports on MICC. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings cut Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Zacks Research cut shares of Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Oddo Bhf initiated coverage on shares of Magnum Ice Cream in a research report on Thursday, January 15th. They issued an “outperform” rating on the stock. Finally, BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.
Magnum Ice Cream Stock Performance
Shares of MICC opened at $14.88 on Friday. The business has a 50-day moving average of $14.77. The Magnum Ice Cream Company N.V. has a 1-year low of $12.94 and a 1-year 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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