BLI Banque de Luxembourg Investments Invests $5.07 Million in The Magnum Ice Cream Company N.V. $MICC

BLI Banque de Luxembourg Investments purchased a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 317,598 shares of the company’s stock, valued at approximately $5,067,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Everett Harris & Co. CA acquired a new position in shares of Magnum Ice Cream in the 4th quarter valued at approximately $4,974,000. Cerity Partners LLC bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $1,335,000. LPL Financial LLC bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $1,549,000. Franklin Resources Inc. acquired a new stake in Magnum Ice Cream in the fourth quarter valued at $4,175,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Magnum Ice Cream during the 4th quarter worth $720,000.

Magnum Ice Cream Price Performance

NYSE:MICC opened at $17.44 on Wednesday. The company’s 50 day moving average is $15.05. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MICC shares. 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. Weiss Ratings downgraded Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Berenberg Bank raised 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 investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Magnum Ice Cream Company 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.