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

Barclays PLC boosted its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 281.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,013 shares of the company's stock after buying an additional 132,051 shares during the period. Barclays PLC owned approximately 0.06% of Mister Car Wash worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of Mister Car Wash by 763.2% during the 2nd quarter. AQR Capital Management LLC now owns 4,117,900 shares of the company's stock valued at $29,155,000 after buying an additional 3,640,862 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Mister Car Wash by 6,003.1% in 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 acquiring an additional 3,571,675 shares during the period. State Street Corp boosted its position in Mister Car Wash by 1.9% in 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. boosted 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 worth $16,349,000 after purchasing an additional 731,366 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 worth $13,775,000 after purchasing an additional 38,365 shares during the period.

Mister Car Wash Price Performance

Shares of MCW stock traded down $0.01 on Tuesday, reaching $7.09. 356,722 shares of the company were exchanged, compared to its average volume of 841,106. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $9.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.24 and a current ratio of 0.27. The business has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.04. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.95 and a beta of 1.61.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MCW shares. UBS Group increased their price target on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Stephens started coverage on shares of Mister Car Wash in a research note on Tuesday. They set an "equal weight" rating and a $8.00 target price on the stock. Finally, Wells Fargo & Company cut their price target on 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. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $8.93.

Insider Activity at Mister Car Wash

In related news, 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 sale, the insider now owns 81,206 shares of the company's stock, valued at approximately $647,211.82. This trade represents a 22.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jedidiah Marc Gold sold 144,319 shares of Mister Car Wash stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $7.54, for a total value of $1,088,165.26. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $338,199.16. The trade was a 76.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 613,896 shares of company stock valued at $4,957,139. 70.00% of the stock is owned by insiders.

Mister Car Wash Company 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.