Marshall Wace LLP Purchases 1,094,751 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Marshall Wace LLP lifted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 103.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,152,718 shares of the company's stock after purchasing an additional 1,094,751 shares during the period. Marshall Wace LLP owned about 0.67% of Mister Car Wash worth $15,693,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. FIL Ltd grew its position in shares of Mister Car Wash by 2.4% during the 4th quarter. FIL Ltd now owns 9,915,100 shares of the company's stock valued at $72,281,000 after acquiring an additional 230,100 shares during the period. State Street Corp lifted its position in Mister Car Wash by 1.9% during the third quarter. State Street Corp now owns 3,375,939 shares of the company's stock valued at $21,977,000 after purchasing an additional 63,631 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Mister Car Wash by 5.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company's stock valued at $19,239,000 after purchasing an additional 127,791 shares during the period. Geode Capital Management LLC increased its position in Mister Car Wash by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,115,526 shares of the company's stock worth $13,775,000 after buying an additional 38,365 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 worth $5,101,000 after buying an additional 12,174 shares during the period.

Mister Car Wash Price Performance

Shares of MCW stock traded up $0.01 during trading hours on Friday, hitting $7.10. The stock had a trading volume of 1,349,500 shares, compared to its average volume of 1,602,531. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 1.65 and a beta of 1.57. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.60. The stock's 50-day moving average price is $7.66 and its two-hundred day moving average price is $7.51.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 36,452 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $8.01, for a total transaction of $291,980.52. Following the completion of the transaction, the insider now owns 84,895 shares in the company, valued at $680,008.95. This trade represents a 30.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.51, for a total transaction of $792,459.71. Following the completion of the sale, the chief financial officer now owns 55,437 shares in the company, valued at approximately $471,768.87. This trade represents a 62.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 360,313 shares of company stock valued at $2,995,270 in the last quarter. 70.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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. Morgan Stanley raised their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Stephens cut their price target on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research note on Thursday. Raymond James started coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price 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. 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 company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $8.50.

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.