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

London Co. of Virginia lifted its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 32.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,299 shares of the company’s stock after buying an additional 53,758 shares during the period. 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 large investors have also modified their holdings of the stock. FIL Ltd purchased a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $360,762,000. Vanguard Group Inc. purchased a new position in Magnum Ice Cream in the 4th quarter worth approximately $344,031,000. First Eagle Investment Management LLC acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $260,541,000. Norges Bank acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $173,632,000. Finally, Barclays PLC purchased a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $156,326,000.

Magnum Ice Cream Stock Down 0.0%

Shares of MICC opened at $17.84 on Monday. 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 firm has a 50 day simple moving average of $17.39. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93.

Wall Street Analysts Forecast Growth

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