Los Angeles Capital Management LLC Invests $698,000 in Mister Car Wash, Inc. (NYSE:MCW)

Los Angeles Capital Management LLC bought a new position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 95,813 shares of the company's stock, valued at approximately $698,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versor Investments LP increased its holdings in Mister Car Wash by 78.2% during the 3rd quarter. Versor Investments LP now owns 106,400 shares of the company's stock worth $693,000 after purchasing an additional 46,700 shares during the period. GSA Capital Partners LLP grew its position in shares of Mister Car Wash by 214.9% during the 3rd quarter. GSA Capital Partners LLP now owns 102,307 shares of the company's stock worth $666,000 after buying an additional 69,817 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Mister Car Wash by 19.5% during the third quarter. Victory Capital Management Inc. now owns 63,576 shares of the company's stock valued at $414,000 after buying an additional 10,377 shares during the period. MQS Management LLC bought a new stake in shares of Mister Car Wash in the third quarter valued at about $212,000. Finally, Intech Investment Management LLC purchased a new stake in Mister Car Wash in the third quarter worth about $786,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Morgan Stanley raised their target price on shares of 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. Wells Fargo & Company cut their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Stephens started coverage on Mister Car Wash in a report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 target price for the company. Finally, 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 report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.57.

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Mister Car Wash Stock Down 1.2 %

Shares of MCW stock traded down $0.10 during trading hours on Thursday, reaching $7.87. 424,087 shares of the company's stock were exchanged, compared to its average volume of 1,316,014. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.56. The stock's 50 day moving average is $7.56 and its 200-day moving average is $7.22. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 1.65 and a beta of 1.63.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 42,278 shares of the firm's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company's stock, valued at approximately $381,259. This trade represents a 48.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Joseph Duane Matheny sold 6,410 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the sale, the insider now directly owns 81,206 shares in the company, valued at $650,460.06. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,272 shares of company stock valued at $2,247,041 in the last ninety days. Corporate insiders own 70.00% of the company's stock.

Mister Car Wash Company Profile

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.