Corient Private Wealth LLC Acquires New Stake in The Magnum Ice Cream Company N.V. $MICC

Corient Private Wealth LLC acquired a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, Holdings Channel reports. The firm acquired 92,667 shares of the company’s stock, valued at approximately $1,468,000.

Other institutional investors have also recently modified their holdings of the company. UBS Group AG purchased a new position in shares of Magnum Ice Cream in the fourth quarter worth $97,064,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Magnum Ice Cream during the fourth quarter valued at $5,807,000. Generali Asset Management SPA SGR purchased a new stake in shares of Magnum Ice Cream during the fourth quarter valued at $1,644,000. Ruffer LLP bought a new stake in Magnum Ice Cream in the 4th quarter worth about $5,398,000. Finally, ASR Vermogensbeheer N.V. bought a new stake in Magnum Ice Cream in the 4th quarter worth about $3,156,000.

Magnum Ice Cream Stock Down 0.9%

Magnum Ice Cream stock opened at $17.41 on Wednesday. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93. The company’s 50-day moving average price is $15.91.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MICC. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. 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. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.