Barclays PLC Boosts Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Barclays PLC boosted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 281.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,013 shares of the company's stock after purchasing an additional 132,051 shares during the period. Barclays PLC owned about 0.06% of Mister Car Wash worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Mister Car Wash by 763.2% during the second quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company's stock worth $29,155,000 after buying an additional 3,640,862 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 valued at $23,639,000 after acquiring an additional 3,571,675 shares during the period. Brown Brothers Harriman & Co. increased its stake 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 worth $16,349,000 after purchasing an additional 731,366 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mister Car Wash by 64.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company's stock valued at $9,752,000 after purchasing an additional 535,873 shares during the period. Finally, Verition Fund Management LLC lifted its stake 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 during the last quarter.

Wall Street Analysts Forecast Growth

Separately, UBS Group boosted their price target on Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.25.

Insider Buying and Selling at Mister Car Wash

In other news, CFO Jedidiah Marc Gold sold 66,122 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the sale, the chief financial officer now directly owns 44,854 shares in the company, valued at $381,707.54. This trade represents a 59.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph Duane Matheny sold 23,697 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total value of $188,865.09. Following the completion of the transaction, the insider now owns 81,206 shares in the company, valued at approximately $647,211.82. The trade was a 22.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 613,896 shares of company stock worth $4,957,139. Insiders own 70.00% of the company's stock.

Mister Car Wash Price Performance

MCW traded down $0.14 during trading on Monday, hitting $7.19. 884,247 shares of the stock traded hands, compared to its average volume of 1,587,029. The business has a 50 day moving average price of $7.56 and a 200 day moving average price of $7.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $9.45. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 1.95 and a beta of 1.61.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. During the same period last year, the company posted $0.06 EPS. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.29 earnings per share for the current fiscal year.

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.