Evelyn Partners Investment Management Services Ltd Has $1.13 Million Holdings in The Magnum Ice Cream Company N.V. $MICC

Evelyn Partners Investment Management Services Ltd lessened its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 35.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,689 shares of the company’s stock after selling 42,625 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Magnum Ice Cream were worth $1,126,000 as of its most recent SEC filing.

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

Magnum Ice Cream Trading Up 1.1%

NYSE:MICC opened at $18.05 on Tuesday. 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 company’s 50-day simple moving average is $17.44. 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MICC shares. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Magnum Ice Cream 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.