Equity Investment Corp Purchases New Holdings in The Magnum Ice Cream Company N.V. $MICC

Equity Investment Corp purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 407,518 shares of the company’s stock, valued at approximately $6,459,000. Equity Investment Corp owned 0.07% of Magnum Ice Cream at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MICC. BNP Paribas bought a new stake in Magnum Ice Cream during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream during the fourth quarter worth $28,000. Bartlett & CO. Wealth Management LLC bought a new stake in Magnum Ice Cream during the fourth quarter worth $30,000. Leonteq Securities AG bought a new stake in Magnum Ice Cream during the fourth quarter worth $30,000. Finally, V Square Quantitative Management LLC bought a new stake in Magnum Ice Cream during the fourth quarter worth $33,000.

Magnum Ice Cream Price Performance

Shares of Magnum Ice Cream stock opened at $18.06 on Friday. The stock’s 50-day simple moving average is $15.17. The Magnum Ice Cream Company N.V. has a 1-year low of $12.94 and a 1-year high of $19.93.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MICC shares. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.