Legato Capital Management LLC bought a new position in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 94,888 shares of the company's stock, valued at approximately $692,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of 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 valued at $23,639,000 after purchasing an additional 3,571,675 shares during the period. Brown Brothers Harriman & Co. raised its position in Mister Car Wash by 41.1% in 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. Verition Fund Management LLC increased 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 buying an additional 343,512 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Mister Car Wash by 595.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 156,046 shares of the company's stock valued at $1,016,000 after acquiring an additional 133,605 shares during the last quarter. Finally, Barclays PLC boosted its stake in Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company's stock valued at $1,165,000 after acquiring an additional 132,051 shares during the last quarter.
Mister Car Wash Stock Performance
Shares of MCW stock traded down $0.05 during trading hours on Monday, reaching $7.89. 691,284 shares of the company traded hands, compared to its average volume of 1,087,934. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The company has a market cap of $2.54 billion, a P/E ratio of 34.31, a P/E/G ratio of 1.75 and a beta of 1.63. The firm has a 50-day moving average price of $7.46 and a 200 day moving average price of $7.13. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24.
Wall Street Analyst Weigh In
MCW has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. UBS Group lifted their price target on Mister Car Wash from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Morgan Stanley dropped their price objective on Mister Car Wash from $9.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Finally, Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an "equal weight" rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.36.
Get Our Latest Stock Report on MCW
Insider Buying and Selling
In other news, insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was 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. The trade was a 47.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 70.00% of the stock is owned by insiders.
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.
Further Reading
Before you consider Mister Car Wash, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mister Car Wash wasn't on the list.
While Mister Car Wash currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
