First Eagle Investment Management LLC bought a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,313,055 shares of the company’s stock, valued at approximately $260,541,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of MICC. Compagnie Lombard Odier SCmA acquired a new position in Magnum Ice Cream in the 4th quarter valued at $3,008,000. Bank Pictet & Cie Europe AG acquired a new position in Magnum Ice Cream during the 4th quarter valued at $197,000. Banque Pictet & Cie SA acquired a new stake in Magnum Ice Cream in the 4th quarter worth $729,000. Blue Trust Inc. acquired a new stake in Magnum Ice Cream in the 4th quarter worth $135,000. Finally, First Pacific Financial acquired a new stake in Magnum Ice Cream in the 4th quarter worth $42,000.
Analyst Upgrades and Downgrades
Several research firms have issued reports on MICC. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Oddo Bhf began coverage on shares of Magnum Ice Cream in a research report on Thursday, January 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Magnum Ice Cream presently has a consensus rating of “Reduce”.
Magnum Ice Cream Stock Up 0.4%
Shares of MICC stock opened at $14.86 on Tuesday. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93. The company’s 50-day moving average price is $14.64.
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.
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