Bleakley Financial Group LLC Has $249,000 Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Bleakley Financial Group LLC trimmed its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 90.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,308 shares of the company's stock after selling 344,049 shares during the quarter. Bleakley Financial Group LLC's holdings in Mister Car Wash were worth $249,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Louisiana State Employees Retirement System increased its position in shares of Mister Car Wash by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 46,600 shares of the company's stock valued at $332,000 after buying an additional 1,500 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in Mister Car Wash by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 79,712 shares of the company's stock worth $618,000 after purchasing an additional 1,581 shares during the last quarter. Bessemer Group Inc. increased its holdings in Mister Car Wash by 9.9% during the 1st quarter. Bessemer Group Inc. now owns 20,179 shares of the company's stock worth $156,000 after purchasing an additional 1,824 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Mister Car Wash by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,332 shares of the company's stock valued at $135,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mister Car Wash by 19.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,673 shares of the company's stock valued at $190,000 after acquiring an additional 4,268 shares during the last quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the stock a "sell" rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.50.

Mister Car Wash Trading Up 1.3 %

Shares of MCW stock traded up $0.08 during trading hours on Thursday, reaching $6.39. 820,086 shares of the stock traded hands, compared to its average volume of 1,639,345. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $9.45. The business has a fifty day moving average price of $6.47 and a 200 day moving average price of $6.84. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.04 billion, a PE ratio of 27.43, a PEG ratio of 1.98 and a beta of 1.64.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. The business had revenue of $255.04 million for the quarter, compared to analyst estimates of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. On average, equities research analysts forecast that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

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.