Sei Investments Co. Buys 27,801 Shares of The Magnum Ice Cream Company N.V. $MICC

Sei Investments Co. increased its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 26.5% during the first quarter, HoldingsChannel.com reports. The fund owned 132,724 shares of the company’s stock after purchasing an additional 27,801 shares during the period. Sei Investments Co.’s holdings in Magnum Ice Cream were worth $1,981,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MICC. FIL Ltd acquired a new stake in Magnum Ice Cream in the 4th quarter worth approximately $360,762,000. Vanguard Group Inc. acquired a new position in Magnum Ice Cream during the fourth quarter valued at approximately $344,031,000. First Eagle Investment Management LLC bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $260,541,000. Norges Bank bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $173,632,000. Finally, Barclays PLC acquired a new stake in shares of Magnum Ice Cream in the fourth quarter worth $156,326,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Magnum Ice Cream Price Performance

Shares of MICC opened at $19.24 on Monday. The stock’s 50-day moving average price is $17.90 and its 200 day moving average price is $16.44. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.78 and a current ratio of 1.01. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.

Magnum Ice Cream (NYSE:MICC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion during the quarter. On average, analysts predict that The Magnum Ice Cream Company N.V. will post 1.1 earnings per share for the current year.

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.