ProVise Management Group LLC Makes New $633,000 Investment in The Magnum Ice Cream Company N.V. $MICC

ProVise Management Group LLC purchased a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,922 shares of the company’s stock, valued at approximately $633,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in Magnum Ice Cream in the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Magnum Ice Cream in the fourth quarter worth approximately $33,000. First Pacific Financial bought a new position in Magnum Ice Cream in the fourth quarter worth approximately $42,000. Maseco LLP bought a new position in Magnum Ice Cream in the fourth quarter worth approximately $42,000. Finally, TD Waterhouse Canada Inc. bought a new position in Magnum Ice Cream in the fourth quarter worth approximately $57,000.

Magnum Ice Cream Stock Performance

MICC stock opened at $13.26 on Friday. The Magnum Ice Cream Company N.V. has a twelve month low of $13.06 and a twelve month high of $19.93. The firm has a 50 day moving average of $14.99.

Analysts Set New Price Targets

Several research analysts have issued reports on MICC shares. Weiss Ratings lowered Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Oddo Bhf assumed coverage on Magnum Ice Cream in a report on Thursday, January 15th. They issued an “outperform” rating on the stock. Finally, BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

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.