USS Investment Management Ltd Cuts Stake in The Magnum Ice Cream Company N.V. $MICC

USS Investment Management Ltd lowered its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 87.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 79,526 shares of the company’s stock after selling 552,339 shares during the period. USS Investment Management Ltd’s holdings in Magnum Ice Cream were worth $1,166,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in MICC. Banque Cantonale Vaudoise bought a new stake in Magnum Ice Cream in the first quarter worth about $37,000. Assenagon Asset Management S.A. boosted its stake in Magnum Ice Cream by 182.2% in the first quarter. Assenagon Asset Management S.A. now owns 57,368 shares of the company’s stock valued at $840,000 after acquiring an additional 37,040 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $237,000. Corient Private Wealth LLC bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $1,468,000. Finally, Groupama Asset Managment purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth approximately $562,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MICC shares. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday. The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. 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 analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Magnum Ice Cream Price Performance

MICC opened at $18.73 on Friday. The stock has a 50-day simple moving average of $16.20. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93.

Magnum Ice Cream Company 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.