New Age Alpha Advisors LLC purchased a new position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 129,591 shares of the company's stock, valued at approximately $945,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC raised its holdings in shares of Mister Car Wash by 129.1% during the third quarter. MetLife Investment Management LLC now owns 55,043 shares of the company's stock valued at $358,000 after acquiring an additional 31,014 shares during the last quarter. Walleye Capital LLC raised its stake in Mister Car Wash by 13.9% in the 3rd quarter. Walleye Capital LLC now owns 152,252 shares of the company's stock valued at $991,000 after purchasing an additional 18,560 shares during the last quarter. Verition Fund Management LLC lifted its holdings in Mister Car Wash by 200.9% in the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company's stock valued at $3,349,000 after purchasing an additional 343,512 shares in the last quarter. Paloma Partners Management Co boosted its stake in Mister Car Wash by 217.3% during the 3rd quarter. Paloma Partners Management Co now owns 36,748 shares of the company's stock worth $239,000 after purchasing an additional 25,168 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Mister Car Wash during the third quarter worth $198,000.
Insider Activity
In other Mister Car Wash news, CEO John Lo-Minn Lai sold 22,039 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the sale, the chief executive officer now owns 4,479,420 shares of the company's stock, valued at $37,806,304.80. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph Duane Matheny sold 74,304 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the transaction, the insider now owns 81,206 shares of the company's stock, valued at approximately $653,708.30. This represents a 47.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 360,313 shares of company stock valued at $2,995,270 in the last quarter. Insiders own 70.00% of the company's stock.
Wall Street Analyst Weigh In
MCW has been the topic of several research reports. Wells Fargo & Company decreased their price target on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. UBS Group raised their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a "neutral" rating in a research note on Thursday, February 20th. Morgan Stanley upped 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. Raymond James assumed coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an "outperform" rating and a $10.00 price objective on the stock. Finally, Stephens started coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Mister Car Wash presently has an average rating of "Hold" and an average price target of $8.43.
Get Our Latest Analysis on Mister Car Wash
Mister Car Wash Trading Down 2.3 %
MCW traded down $0.17 during trading hours on Friday, reaching $7.29. The company's stock had a trading volume of 2,430,268 shares, compared to its average volume of 1,590,779. The stock has a market cap of $2.36 billion, a PE ratio of 33.14, a P/E/G ratio of 1.65 and a beta of 1.57. 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 current ratio of 0.53 and a quick ratio of 0.24. The business's 50-day moving average is $7.91 and its 200-day moving average is $7.46.
Mister Car Wash Company Profile
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Free Report)
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.
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