Levin Capital Strategies L.P. Takes Position in The Magnum Ice Cream Company N.V. $MICC

Levin Capital Strategies L.P. bought a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,289 shares of the company’s stock, valued at approximately $702,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in Magnum Ice Cream during the fourth quarter valued at about $344,031,000. UBS Group AG bought a new position in Magnum Ice Cream during the fourth quarter valued at about $97,064,000. Flossbach Von Storch SE bought a new position in Magnum Ice Cream during the fourth quarter valued at about $88,603,000. Rathbones Group PLC bought a new position in Magnum Ice Cream during the fourth quarter valued at about $32,931,000. Finally, Ninety One UK Ltd bought a new position in Magnum Ice Cream during the fourth quarter valued at about $7,710,000.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MICC shares. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Zacks Research lowered shares of Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Magnum Ice Cream has a consensus rating of “Reduce”.

Magnum Ice Cream Trading Down 1.1%

Shares of Magnum Ice Cream stock opened at $13.05 on Thursday. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93. The stock has a 50-day moving average price of $14.80.

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.