Royal London Asset Management Ltd. lowered its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) by 11.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,079,369 shares of the company’s stock after selling 144,659 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Magnum Ice Cream were worth $18,792,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in MICC. BNP Paribas acquired a new stake in Magnum Ice Cream in the 4th quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new position in Magnum Ice Cream in the 4th quarter valued at approximately $28,000. Leonteq Securities AG bought a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $30,000. Acumen Wealth Advisors LLC acquired a new stake in Magnum Ice Cream in the fourth quarter valued at $35,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in Magnum Ice Cream during the 4th quarter valued at approximately $37,000.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group restated 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 research report on Tuesday, May 5th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Magnum Ice Cream has an average rating of “Hold”.
Magnum Ice Cream Trading Up 0.2%
Shares of NYSE:MICC opened at $20.22 on Monday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $20.49. The firm’s 50 day moving average price is $18.67 and its 200-day moving average price is $16.65. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 3.10.
Magnum Ice Cream (NYSE:MICC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $2.68 billion during the quarter. Research analysts predict that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current year.
Magnum Ice Cream 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.
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