The Manufacturers Life Insurance Company boosted its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 6,003.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,631,172 shares of the company's stock after purchasing an additional 3,571,675 shares during the period. The Manufacturers Life Insurance Company owned about 1.13% of Mister Car Wash worth $23,639,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in shares of Mister Car Wash by 41.1% during 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 in the last quarter. AQR Capital Management LLC grew its holdings in 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mister Car Wash by 23.6% in the second quarter. Bank of New York Mellon Corp now owns 762,363 shares of the company's stock worth $5,428,000 after buying an additional 145,374 shares in the last quarter. GSA Capital Partners LLP grew its stake in Mister Car Wash by 214.9% during the third quarter. GSA Capital Partners LLP now owns 102,307 shares of the company's stock valued at $666,000 after acquiring an additional 69,817 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Mister Car Wash by 64.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company's stock worth $9,752,000 after acquiring an additional 535,873 shares during the period.
Mister Car Wash Trading Down 1.1 %
Mister Car Wash stock traded down $0.09 during trading hours on Friday, reaching $8.00. The stock had a trading volume of 427,286 shares, compared to its average volume of 1,495,385. The stock has a market cap of $2.58 billion, a PE ratio of 34.78, a PEG ratio of 2.05 and a beta of 1.60. The company has a fifty day simple moving average of $7.17 and a 200-day simple moving average of $6.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45.
Mister Car Wash (NYSE:MCW - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm had revenue of $249.33 million during the quarter, compared to analysts' expectations of $249.15 million. During the same period last year, the company posted $0.06 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Mister Car Wash, Inc. will post 0.29 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, UBS Group boosted their target price on Mister Car Wash from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.
View Our Latest Analysis on Mister Car Wash
Insider Activity at Mister Car Wash
In other news, CFO Jedidiah Marc Gold sold 362,658 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $8.22, for a total value of $2,981,048.76. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company's stock, valued at $368,699.88. This represents a 88.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 23,697 shares of Mister Car Wash stock in a transaction dated 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 transaction, the insider now owns 81,206 shares of the company's stock, valued at approximately $647,211.82. This represents a 22.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 613,896 shares of company stock valued at $4,957,139 in the last 90 days. Corporate insiders own 70.00% of the company's stock.
Mister Car Wash Profile
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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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