Boussard & Gavaudan Gestion Sas acquired a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 206,671 shares of the company's stock, valued at approximately $3,598,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in Magnum Ice Cream by 2.9% in the first quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company's stock worth $612,000 after purchasing an additional 1,159 shares during the last quarter. Keybank National Association OH grew its stake in shares of Magnum Ice Cream by 11.2% during the first quarter. Keybank National Association OH now owns 13,761 shares of the company's stock valued at $206,000 after buying an additional 1,387 shares during the last quarter. BNP Paribas purchased a new position in shares of Magnum Ice Cream in the fourth quarter worth about $27,000. Credit Industriel ET Commercial increased its holdings in shares of Magnum Ice Cream by 144.4% in the first quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company's stock worth $43,000 after buying an additional 1,747 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at about $28,000.
Magnum Ice Cream Trading Up 0.7%
Shares of NYSE MICC opened at $20.22 on Friday. The company has a 50 day simple moving average of $18.67 and a two-hundred day simple moving average of $16.66. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $20.49. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10.
Magnum Ice Cream (NYSE:MICC - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The company had revenue of $2.68 billion for the quarter. On average, analysts forecast that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current year.
Analyst Ratings Changes
MICC has been the topic of several recent analyst reports. Jefferies Financial Group restated a "hold" rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Zacks Research upgraded shares of Magnum Ice Cream from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of Magnum Ice Cream from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Magnum Ice Cream in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Magnum Ice Cream currently has an average rating of "Hold".
Check Out Our Latest Report on MICC
Magnum Ice Cream Company Profile
(
Free Report)
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.
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