Assenagon Asset Management S.A. Has $840,000 Position in The Magnum Ice Cream Company N.V. $MICC

Assenagon Asset Management S.A. raised its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 182.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,368 shares of the company’s stock after buying an additional 37,040 shares during the period. Assenagon Asset Management S.A.’s holdings in Magnum Ice Cream were worth $840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FIL Ltd acquired a new position in shares of Magnum Ice Cream in the fourth quarter worth approximately $360,762,000. Vanguard Group Inc. bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $344,031,000. First Eagle Investment Management LLC acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth $260,541,000. Norges Bank acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth $173,632,000. Finally, Barclays PLC bought a new position in Magnum Ice Cream during the fourth quarter worth $156,326,000.

Magnum Ice Cream Stock Up 3.5%

NYSE:MICC opened at $18.73 on Friday. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month high of $19.93. The business has a fifty day moving average of $16.09.

Wall Street Analyst Weigh In

MICC has been the topic of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a report on Monday. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Magnum Ice Cream has a consensus rating of “Hold”.

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.