79,000 Shares in The Magnum Ice Cream Company N.V. $MICC Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 79,000 shares of the company’s stock, valued at approximately $1,252,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas bought a new position in Magnum Ice Cream in the fourth quarter worth $27,000. Cullen Frost Bankers Inc. bought a new position in Magnum Ice Cream in the fourth quarter worth $28,000. Bartlett & CO. Wealth Management LLC bought a new position in Magnum Ice Cream in the fourth quarter worth $30,000. Leonteq Securities AG bought a new position in Magnum Ice Cream in the fourth quarter worth $30,000. Finally, V Square Quantitative Management LLC bought a new position in Magnum Ice Cream in the fourth quarter worth $33,000.

Wall Street Analysts Forecast Growth

MICC has been the subject of several recent analyst reports. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings lowered Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Magnum Ice Cream currently has an average rating of “Reduce”.

Magnum Ice Cream Price Performance

Shares of NYSE:MICC opened at $17.79 on Tuesday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The firm has a fifty day simple moving average of $15.31.

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.