Compagnie Lombard Odier SCmA Purchases Shares of 188,081 The Magnum Ice Cream Company N.V. $MICC

Key Points

• Compagnie Lombard Odier SCmA purchased a new position of 188,081 shares of The Magnum Ice Cream Company (NYSE:MICC) in Q4, valued at approximately $3.01 million.
• Analyst sentiment is largely negative — one Buy, one Hold and three Sell ratings — leaving the stock with an average rating of "Reduce".
• Shares opened at $14.46 and were trading down 3.3%; the 50‑day moving average is $16.30 and the 1‑year range is $14.32–$19.93.

Compagnie Lombard Odier SCmA purchased a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 188,081 shares of the company's stock, valued at approximately $3,008,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MICC shares. Berenberg Bank upgraded Magnum Ice Cream to a "hold" rating in a research report on Friday, February 27th. Oddo Bhf assumed coverage on Magnum Ice Cream in a report on Thursday, January 15th. They issued an "outperform" rating for the company. The Goldman Sachs Group cut Magnum Ice Cream from a "neutral" rating to a "sell" rating in a report on Friday, March 20th. Zacks Research downgraded shares of Magnum Ice Cream from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 5th. Finally, Weiss Ratings lowered shares of Magnum Ice Cream from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Magnum Ice Cream currently has an average rating of "Reduce".

Magnum Ice Cream Trading Down 3.3%

Shares of NYSE MICC opened at $14.46 on Thursday. The firm's 50-day moving average is $16.30. The Magnum Ice Cream Company N.V. has a 1-year low of $14.32 and a 1-year high of $19.93.

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.

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