ExodusPoint Capital Management LP Lowers Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

ExodusPoint Capital Management LP lessened its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 33.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 184,304 shares of the company's stock after selling 91,220 shares during the quarter. ExodusPoint Capital Management LP owned 0.06% of Mister Car Wash worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of 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 buying an additional 2,600 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Mister Car Wash by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company's stock worth $343,000 after purchasing an additional 4,000 shares during the period. Blue Trust Inc. increased its holdings in shares of Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of Mister Car Wash by 13.3% in the fourth quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock valued at $355,000 after purchasing an additional 5,702 shares during the period. Finally, Bank of New York Mellon Corp lifted 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 valued at $5,101,000 after purchasing an additional 12,174 shares during the period.

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Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 36,452 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $8.01, for a total value of $291,980.52. Following the sale, the insider now directly owns 84,895 shares of the company's stock, valued at approximately $680,008.95. This trade represents a 30.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the transaction, the chief financial officer now directly owns 55,437 shares of the company's stock, valued at approximately $472,323.24. This represents a 48.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 360,313 shares of company stock worth $2,995,270. Corporate insiders own 70.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mister Car Wash Price Performance

Shares of MCW traded up $0.04 during trading hours on Tuesday, reaching $7.29. 413,802 shares of the company traded hands, compared to its average volume of 1,602,094. The stock has a market capitalization of $2.36 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The stock has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $7.49. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

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.