Magnum Ice Cream (NYSE:MICC) Sets New 52-Week High – Time to Buy?

The Magnum Ice Cream Company N.V. (NYSE:MICCGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.55 and last traded at $19.47, with a volume of 341361 shares changing hands. The stock had previously closed at $19.21.

Analysts Set New Price Targets

Separately, Oddo Bhf started coverage on shares of Magnum Ice Cream in a research report on Thursday, January 15th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Magnum Ice Cream has an average rating of “Buy”.

Read Our Latest Analysis on MICC

Magnum Ice Cream Price Performance

Institutional Investors Weigh In On Magnum Ice Cream

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Azzad Asset Management Inc. ADV bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at about $167,000. Blue Trust Inc. bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $135,000. Rathbones Group PLC purchased a new stake in Magnum Ice Cream during the 4th quarter valued at $32,931,000. QV Investors Inc. purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at about $794,000. Finally, Advocate Group LLC purchased a new position in shares of Magnum Ice Cream in the fourth quarter valued at about $365,000.

About Magnum Ice Cream

(Get Free Report)

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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