Allworth Financial LP Invests $500,000 in The Magnum Ice Cream Company N.V. $MICC

Allworth Financial LP acquired a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICCFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,527 shares of the company’s stock, valued at approximately $500,000.

Other institutional investors have also modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in Magnum Ice Cream during the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC purchased a new stake in Magnum Ice Cream during the 4th quarter worth $33,000. First Pacific Financial purchased a new stake in Magnum Ice Cream during the 4th quarter worth $42,000. Maseco LLP acquired a new stake in Magnum Ice Cream in the 4th quarter valued at $42,000. Finally, North Star Investment Management Corp. acquired a new stake in Magnum Ice Cream in the 4th quarter valued at $43,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MICC. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research note on Friday, February 27th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Read Our Latest Research Report on MICC

Magnum Ice Cream Price Performance

Shares of NYSE:MICC opened at $16.12 on Thursday. The stock has a fifty day moving average of $14.66. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.

About Magnum Ice Cream

(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.

Further Reading

Want to see what other hedge funds are holding MICC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Magnum Ice Cream Company N.V. (NYSE:MICCFree Report).

Institutional Ownership by Quarter for Magnum Ice Cream (NYSE:MICC)

Receive News & Ratings for Magnum Ice Cream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnum Ice Cream and related companies with MarketBeat.com's FREE daily email newsletter.