Forsta AP Fonden Invests $1.66 Million in The Magnum Ice Cream Company N.V. $MICC

Forsta AP Fonden bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 104,938 shares of the company’s stock, valued at approximately $1,663,000.

Several other institutional investors have also recently made changes to their positions in the company. UBS Group AG bought a new stake in Magnum Ice Cream during the 4th quarter valued at about $97,064,000. Ruffer LLP bought a new stake in Magnum Ice Cream during the 4th quarter valued at about $5,398,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Magnum Ice Cream during the 4th quarter valued at about $5,807,000. Generali Asset Management SPA SGR bought a new stake in Magnum Ice Cream during the 4th quarter valued at about $1,644,000. Finally, Ninety One UK Ltd bought a new stake in Magnum Ice Cream during the 4th quarter valued at about $7,710,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Finally, 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. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Magnum Ice Cream Trading Down 0.5%

Shares of Magnum Ice Cream stock opened at $16.72 on Thursday. The stock has a 50 day moving average price of $14.86. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93.

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.