Evelyn Partners Investment Management LLP Sells 212,733 Shares of The Magnum Ice Cream Company N.V. $MICC

Evelyn Partners Investment Management LLP lessened its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 53.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 182,664 shares of the company’s stock after selling 212,733 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Magnum Ice Cream were worth $2,682,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MICC. FIL Ltd bought a new position in shares of Magnum Ice Cream in the fourth quarter worth about $360,762,000. Vanguard Group Inc. bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $344,031,000. First Eagle Investment Management LLC bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $260,541,000. Norges Bank purchased a new stake in Magnum Ice Cream in the 4th quarter worth approximately $173,632,000. Finally, Barclays PLC purchased a new stake in Magnum Ice Cream in the 4th quarter worth approximately $156,326,000.

Magnum Ice Cream Stock Up 1.1%

Shares of MICC opened at $18.05 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 5.23. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93. The firm’s 50 day moving average is $17.44.

Wall Street Analyst Weigh In

MICC has been the topic of a number of recent analyst reports. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Magnum Ice Cream currently has a consensus rating of “Hold”.

About Magnum Ice Cream

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.