UBS Group AG Purchases New Stake in The Magnum Ice Cream Company N.V. $MICC

Key Points

• UBS Group AG purchased a new stake of 6,123,925 shares in The Magnum Ice Cream Company N.V. (MICC), valued at about $97.06 million, representing roughly 1.00% ownership.
• Analyst sentiment is mostly negative with one Buy, two Hold and three Sell ratings and a MarketBeat consensus of "Reduce", amid recent downgrades from Weiss Ratings and Goldman Sachs (Oddo BHF was a notable outperform initiation).
• MICC opened at $14.88 and is trading within a 12‑month range of $12.94 to $19.93, with a 50‑day moving average around $14.77.

UBS Group AG purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,123,925 shares of the company's stock, valued at approximately $97,064,000. UBS Group AG owned 1.00% of Magnum Ice Cream as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $33,000. First Pacific Financial purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $42,000. Maseco LLP purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $42,000. Finally, TD Waterhouse Canada Inc. purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $57,000.

Magnum Ice Cream Price Performance

MICC stock opened at $14.88 on Friday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The stock's 50 day moving average is $14.77.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Oddo Bhf assumed coverage on shares of Magnum Ice Cream in a report on Thursday, January 15th. They issued an "outperform" rating on the stock. Weiss Ratings downgraded shares of Magnum Ice Cream from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, March 20th. Berenberg Bank raised shares of Magnum Ice Cream to a "hold" rating in a research report on Friday, February 27th. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a "neutral" rating to a "sell" rating in a research report on Friday, March 20th. Finally, BNP Paribas Exane downgraded shares of Magnum Ice Cream to a "neutral" rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Magnum Ice Cream presently 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.

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