Brown Brothers Harriman & Co. boosted its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,639,121 shares of the company's stock after buying an additional 127,791 shares during the quarter. Brown Brothers Harriman & Co. owned 0.82% of Mister Car Wash worth $19,239,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in Mister Car Wash by 1.4% in the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock valued at $1,384,000 after acquiring an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Mister Car Wash by 9.3% in the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock valued at $343,000 after purchasing an additional 4,000 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Mister Car Wash by 59.4% during the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after purchasing an additional 5,032 shares during the last quarter. Arkadios Wealth Advisors grew its stake in Mister Car Wash by 13.3% in the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock worth $355,000 after purchasing an additional 5,702 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Mister Car Wash by 19.5% in 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 last quarter.
Insider Buying and Selling at Mister Car Wash
In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the firm'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 transaction, the insider now owns 81,206 shares of the company's stock, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jedidiah Marc Gold sold 42,278 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00. Following the sale, the chief financial officer now owns 44,854 shares in the company, valued at $381,259. This trade represents a 48.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 360,313 shares of company stock worth $2,995,270. 70.00% of the stock is owned by company insiders.
Mister Car Wash Stock Performance
Shares of Mister Car Wash stock traded up $0.13 during trading on Wednesday, hitting $8.05. 624,032 shares of the stock were exchanged, compared to its average volume of 1,588,072. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The stock's fifty day moving average is $7.90 and its 200 day moving average is $7.45. The stock has a market cap of $2.61 billion, a PE ratio of 36.59, a P/E/G ratio of 1.65 and a beta of 1.60.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Morgan Stanley lifted their target price 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. Raymond James assumed coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. UBS Group increased their target price 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. Stephens began coverage on shares of 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, Wells Fargo & Company dropped 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 research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.43.
Check Out Our Latest Stock Report on MCW
About Mister Car Wash
(
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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