Blueshift Asset Management LLC Sells 131,244 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Blueshift Asset Management LLC lessened its position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 83.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Mister Car Wash by 281.2% in the 3rd quarter. Barclays PLC now owns 179,013 shares of the company's stock valued at $1,165,000 after purchasing an additional 132,051 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Mister Car Wash by 54.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company's stock valued at $763,000 after purchasing an additional 41,390 shares in the last quarter. Brown Brothers Harriman & Co. grew 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 purchasing an additional 731,366 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Mister Car Wash by 6,003.1% during 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 in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Mister Car Wash in the 4th quarter valued at approximately $698,000.

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Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total transaction of $598,147.20. Following the completion of the sale, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. This represents a 47.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.51, for a total value of $792,459.71. Following the completion of the sale, the chief financial officer now owns 55,437 shares of the company's stock, valued at approximately $471,768.87. This trade represents a 62.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 307,324 shares of company stock valued at $2,543,804 in the last 90 days. 70.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on MCW shares. UBS Group increased their price target on Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Morgan Stanley boosted their price target on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Stephens began coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price objective for the company. Raymond James began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They set an "outperform" rating and a $10.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $8.43.

Mister Car Wash Stock Down 3.4 %

Shares of MCW traded down $0.29 on Thursday, reaching $8.18. The company's stock had a trading volume of 2,004,479 shares, compared to its average volume of 1,551,158. The firm has a fifty day moving average of $7.83 and a 200-day moving average of $7.39. The stock has a market capitalization of $2.65 billion, a PE ratio of 37.18, a PEG ratio of 1.65 and a beta of 1.60. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60.

Mister Car Wash 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.