The Magnum Ice Cream Company N.V. $MICC Stake Lessened by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. lessened its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 75.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,762 shares of the company’s stock after selling 33,527 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Magnum Ice Cream were worth $161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at approximately $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 purchased a new stake in shares of Magnum Ice Cream in the fourth quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Magnum Ice Cream in the fourth quarter valued at $33,000.

Magnum Ice Cream Price Performance

Shares of NYSE MICC opened at $17.73 on Friday. The firm’s 50-day moving average is $17.37. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 5.23. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.

Analyst Upgrades and Downgrades

MICC has been the topic of several recent analyst reports. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday, June 29th. Finally, 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company 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.