Legacy Wealth Asset Management LLC Invests $2.64 Million in The Magnum Ice Cream Company N.V. $MICC

Legacy Wealth Asset Management LLC acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 151,505 shares of the company’s stock, valued at approximately $2,638,000. Magnum Ice Cream accounts for about 0.6% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of MICC. BNP Paribas bought a new position in Magnum Ice Cream in the 4th quarter worth $27,000. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream during the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC bought a new stake in Magnum Ice Cream during the fourth quarter valued at about $30,000. Leonteq Securities AG acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $33,000.

Analyst Ratings Changes

MICC has been the subject of several research analyst reports. Weiss Ratings raised Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Finally, BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Magnum Ice Cream Stock Performance

Shares of MICC opened at $19.24 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10. The company has a 50-day simple moving average of $17.90 and a 200-day simple moving average of $16.44. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.

Magnum Ice Cream (NYSE:MICC) last released its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $2.68 billion for the quarter. On average, equities research analysts forecast that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current fiscal year.

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.