111 Capital Acquires New Position in The Magnum Ice Cream Company N.V. $MICC

111 Capital bought a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 156,705 shares of the company’s stock, valued at approximately $2,506,000. Magnum Ice Cream comprises 0.5% of 111 Capital’s holdings, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MICC. Compagnie Lombard Odier SCmA acquired a new position in Magnum Ice Cream in the fourth quarter valued at approximately $3,008,000. Bank Pictet & Cie Europe AG acquired a new position in Magnum Ice Cream in the fourth quarter valued at approximately $197,000. Banque Pictet & Cie SA acquired a new position in Magnum Ice Cream in the fourth quarter valued at approximately $729,000. Blue Trust Inc. acquired a new position in Magnum Ice Cream in the fourth quarter valued at approximately $135,000. Finally, First Pacific Financial acquired a new position in Magnum Ice Cream in the fourth quarter valued at approximately $42,000.

Magnum Ice Cream Price Performance

Shares of NYSE MICC opened at $17.07 on Friday. The business’s 50 day simple moving average is $14.95. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.

Wall Street Analyst Weigh In

MICC has been the subject of a number of research reports. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings downgraded Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

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.