Blueshift Asset Management LLC Has $184,000 Position in Mister Car Wash, Inc. (NYSE:MCW)

Blueshift Asset Management LLC trimmed its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 83.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,247 shares of the company's stock after selling 131,244 shares during the period. Blueshift Asset Management LLC's holdings in Mister Car Wash were worth $184,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company's stock worth $23,639,000 after acquiring an additional 3,571,675 shares in the last quarter. State Street Corp increased its position in shares of Mister Car Wash by 1.9% during the 3rd 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 in the last quarter. Brown Brothers Harriman & Co. increased its position 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 in the last quarter. Geode Capital Management LLC lifted its holdings in 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 valued at $13,775,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Mister Car Wash by 1.8% in 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 buying an additional 12,174 shares in the last quarter.

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Mister Car Wash Stock Down 0.7 %

Shares of NYSE MCW traded down $0.06 during mid-day trading on Tuesday, reaching $8.31. 1,151,670 shares of the company's stock were exchanged, compared to its average volume of 1,543,505. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.56. 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 firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 37.75, a PEG ratio of 1.65 and a beta of 1.60. The business has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $7.36.

Insider Buying and Selling

In related news, CEO John Lo-Minn Lai sold 22,039 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 36,452 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $8.01, for a total value of $291,980.52. Following the completion of the sale, the insider now owns 84,895 shares in the company, valued at $680,008.95. The trade was a 30.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 307,324 shares of company stock valued at $2,543,804. 70.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MCW shares. Morgan Stanley lifted 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 note on Thursday, February 20th. Wells Fargo & Company cut their price objective on 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. UBS Group increased their target price on Mister Car Wash from $8.00 to $8.50 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Stephens assumed coverage on Mister Car Wash in a report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price target for the company. Finally, Raymond James initiated coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Mister Car Wash presently has a consensus rating of "Hold" and an average price target of $8.43.

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.