Mister Car Wash, Inc. (NYSE:MCW) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP increased its position in Mister Car Wash, Inc. (NYSE:MCW) by 103.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,152,718 shares of the company’s stock after acquiring an additional 1,094,751 shares during the period. Marshall Wace LLP owned approximately 0.67% of Mister Car Wash worth $15,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company’s stock worth $21,977,000 after purchasing an additional 63,631 shares during the period. Jane Street Group LLC increased its stake in shares of Mister Car Wash by 305.7% in the third quarter. Jane Street Group LLC now owns 99,099 shares of the company’s stock worth $645,000 after acquiring an additional 74,673 shares during the period. Barclays PLC raised its holdings in shares of Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock worth $1,165,000 after purchasing an additional 132,051 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mister Car Wash by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company’s stock valued at $13,775,000 after purchasing an additional 38,365 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Mister Car Wash by 54.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock valued at $763,000 after buying an additional 41,390 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target on the stock. Raymond James started coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 price objective for the company. UBS Group lifted their price target on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price objective on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Mister Car Wash currently has an average rating of “Hold” and a consensus price target of $8.43.

Mister Car Wash Trading Down 0.6 %

Shares of MCW stock opened at $7.05 on Monday. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock’s fifty day moving average is $7.73 and its two-hundred day moving average is $7.51. The firm has a market capitalization of $2.29 billion, a P/E ratio of 32.05, a PEG ratio of 1.65 and a beta of 1.57.

Insider Activity

In other news, CFO Jedidiah Marc Gold sold 52,989 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares of the company’s stock, valued at approximately $472,323.24. The trade was a 48.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Joseph Duane Matheny sold 74,304 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. The trade was a 47.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 360,313 shares of company stock worth $2,995,270 over the last three months. Insiders own 70.00% of the company’s stock.

About Mister Car Wash

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.