New York State Common Retirement Fund increased its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 419.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,826 shares of the company's stock after buying an additional 107,280 shares during the period. New York State Common Retirement Fund's holdings in Mister Car Wash were worth $968,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCW. Principal Financial Group Inc. raised its position in shares of Mister Car Wash by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 456,136 shares of the company's stock worth $3,325,000 after acquiring an additional 14,205 shares during the last quarter. Blue Trust Inc. increased its position in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after purchasing an additional 5,032 shares during the period. Legato Capital Management LLC bought a new stake in Mister Car Wash during the 4th quarter worth about $692,000. Bleakley Financial Group LLC lifted its position in Mister Car Wash by 74.0% during the 4th quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company's stock valued at $486,000 after purchasing an additional 28,358 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of Mister Car Wash by 13.3% in the 4th 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 last quarter.
Insider Buying and Selling at Mister Car Wash
In other news, insider Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company's stock, valued at approximately $650,460.06. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $8.51, for a total value of $792,459.71. Following the completion of the transaction, the chief financial officer now directly 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. Over the last three months, insiders sold 270,272 shares of company stock worth $2,247,041. 70.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of research analysts have recently weighed in on MCW shares. Wells Fargo & Company cut their price target on Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. UBS Group raised their target price on 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 upped their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Finally, Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an "equal weight" rating and a $8.00 price target on the stock. One investment 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.com, Mister Car Wash has a consensus rating of "Hold" and an average target price of $8.57.
Read Our Latest Analysis on Mister Car Wash
Mister Car Wash Price Performance
NYSE:MCW traded up $0.00 during trading hours on Friday, hitting $7.91. The company's stock had a trading volume of 842,530 shares, compared to its average volume of 1,322,609. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.56. 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 fifty day simple moving average of $7.57 and a 200-day simple moving average of $7.22. The company has a market capitalization of $2.56 billion, a P/E ratio of 35.98, a PEG ratio of 1.65 and a beta of 1.60.
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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