Zurcher Kantonalbank Zurich Cantonalbank Invests $5.81 Million in The Magnum Ice Cream Company N.V. $MICC

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 363,104 shares of the company’s stock, valued at approximately $5,807,000.

A number of other hedge funds have also modified their holdings of the stock. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $33,000. First Pacific Financial acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $42,000. Maseco LLP acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $42,000. Finally, CWM LLC acquired a new stake in Magnum Ice Cream during the 4th quarter valued at $75,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings cut Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Oddo Bhf assumed coverage on Magnum Ice Cream in a report on Thursday, January 15th. They set an “outperform” rating for the company. Zacks Research cut Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Finally, Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Magnum Ice Cream has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Performance

Shares of MICC opened at $13.26 on Friday. The company has a fifty day moving average price of $14.99. The Magnum Ice Cream Company N.V. has a 52 week low of $13.06 and a 52 week high of $19.93.

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.