SCS Capital Management LLC acquired a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,181 shares of the company’s stock, valued at approximately $700,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $33,000. Finally, Larson Financial Group LLC acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $37,000.
Analyst Ratings Changes
MICC has been the subject of a number of research reports. Weiss Ratings cut Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.
Magnum Ice Cream Stock Performance
Shares of NYSE:MICC opened at $16.79 on Wednesday. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93. The firm’s 50 day moving average is $14.78.
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.
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