Equity Investment Corp Invests $6.46 Million in The Magnum Ice Cream Company N.V. $MICC

Equity Investment Corp acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 407,518 shares of the company’s stock, valued at approximately $6,459,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG bought a new position in Magnum Ice Cream in the 4th quarter valued at about $97,064,000. Generali Asset Management SPA SGR bought a new position in Magnum Ice Cream in the 4th quarter valued at about $1,644,000. Ruffer LLP bought a new position in Magnum Ice Cream in the 4th quarter valued at about $5,398,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Magnum Ice Cream in the 4th quarter valued at about $5,807,000. Finally, Ninety One UK Ltd bought a new position in Magnum Ice Cream in the 4th quarter valued at about $7,710,000.

Magnum Ice Cream Trading Up 1.7%

Magnum Ice Cream stock opened at $18.06 on Friday. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93. The business’s 50 day moving average price is $15.17.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings cut shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

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.