111 Capital Invests $2.51 Million in The Magnum Ice Cream Company N.V. $MICC

111 Capital bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 156,705 shares of the company’s stock, valued at approximately $2,506,000. Magnum Ice Cream comprises approximately 0.5% of 111 Capital’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $344,031,000. First Eagle Investment Management LLC purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $260,541,000. Norges Bank purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $173,632,000. UBS Group AG purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $97,064,000. Finally, Flossbach Von Storch SE purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $88,603,000.

Magnum Ice Cream Price Performance

Shares of Magnum Ice Cream stock opened at $17.07 on Friday. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $19.93. The company has a 50-day moving average price of $14.95.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Finally, Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

About Magnum Ice Cream

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.