Saturna Capital Corp Invests $1.93 Million in The Magnum Ice Cream Company N.V. $MICC

Saturna Capital Corp bought a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 121,551 shares of the company’s stock, valued at approximately $1,927,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Smithbridge Asset Management Inc. DE bought a new stake in Magnum Ice Cream during the 4th quarter valued at approximately $272,000. Heartland Advisors Inc. acquired a new position in Magnum Ice Cream in the 4th quarter valued at approximately $213,000. Janney Montgomery Scott LLC acquired a new position in Magnum Ice Cream in the 4th quarter valued at approximately $757,000. GFS Advisors LLC acquired a new position in Magnum Ice Cream in the 4th quarter valued at approximately $430,000. Finally, Deutsche Bank AG acquired a new position in Magnum Ice Cream in the 4th quarter valued at approximately $93,628,000.

Magnum Ice Cream Stock Up 1.7%

Shares of MICC opened at $17.77 on Thursday. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93. The stock has a 50 day moving average of $15.11.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MICC shares. Weiss Ratings cut Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently 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.