The Magnum Ice Cream Company N.V. $MICC Shares Acquired by London Co. of Virginia

London Co. of Virginia lifted its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 32.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 219,299 shares of the company’s stock after buying an additional 53,758 shares during the quarter. London Co. of Virginia’s holdings in Magnum Ice Cream were worth $3,220,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MICC. BNP Paribas bought a new stake in Magnum Ice Cream in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new position in Magnum Ice Cream during the 4th quarter worth approximately $28,000. Bartlett & CO. Wealth Management LLC bought a new position in Magnum Ice Cream during the 4th quarter worth approximately $30,000. Leonteq Securities AG acquired a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $33,000.

Magnum Ice Cream Trading Down 0.0%

Shares of Magnum Ice Cream stock opened at $17.84 on Monday. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.74 and a current ratio of 1.02. The business’s 50 day moving average is $17.39. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93.

Analyst Ratings Changes

MICC has been the topic of several research reports. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Finally, 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Magnum Ice Cream currently 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.