AlphaQuest LLC boosted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 218,505.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,210 shares of the company's stock after purchasing an additional 155,139 shares during the quarter. AlphaQuest LLC's holdings in Mister Car Wash were worth $1,131,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its position in Mister Car Wash by 6,003.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock worth $23,639,000 after purchasing an additional 3,571,675 shares during the last quarter. State Street Corp lifted its position in Mister Car Wash by 1.9% in the 3rd quarter. State Street Corp now owns 3,375,939 shares of the company's stock worth $21,977,000 after buying an additional 63,631 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Mister Car Wash by 41.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company's stock valued at $16,349,000 after buying an additional 731,366 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mister Car Wash by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company's stock worth $13,775,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Mister Car Wash by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 699,713 shares of the company's stock valued at $5,101,000 after purchasing an additional 12,174 shares during the last quarter.
Mister Car Wash Price Performance
NYSE MCW traded down $0.11 during trading on Wednesday, reaching $7.77. The company's stock had a trading volume of 146,338 shares, compared to its average volume of 1,321,365. The firm has a fifty day moving average of $7.61 and a 200 day moving average of $7.26. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.56. The stock has a market capitalization of $2.52 billion, a PE ratio of 35.25, a P/E/G ratio of 1.65 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Morgan Stanley increased their price target on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Stephens assumed coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $8.57.
Check Out Our Latest Stock Report on Mister Car Wash
Insider Buying and Selling at Mister Car Wash
In related news, CEO John Lo-Minn Lai sold 22,039 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 in the company, valued at approximately $37,806,304.80. This trade represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph Duane Matheny sold 6,410 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $8.01, for a total value of $51,344.10. Following the sale, the insider now owns 81,206 shares of the company's stock, valued at approximately $650,460.06. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 270,272 shares of company stock valued at $2,247,041. 70.00% of the stock is currently owned by company insiders.
About Mister Car Wash
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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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