Evelyn Partners Investment Management Services Ltd Sells 42,625 Shares of The Magnum Ice Cream Company N.V. $MICC

Evelyn Partners Investment Management Services Ltd cut its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 35.7% in the first quarter, Holdings Channel.com reports. The firm owned 76,689 shares of the company’s stock after selling 42,625 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Magnum Ice Cream were worth $1,126,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MICC shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. BNP Paribas Exane downgraded 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, June 29th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Finally, Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Magnum Ice Cream Trading Up 1.1%

MICC opened at $18.05 on Tuesday. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.74 and a current ratio of 1.02. The stock’s 50-day moving average is $17.44.

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.