Whittier Trust Co. grew its holdings in Mister Car Wash, Inc. (NYSE:MCW – Get Rating) by 115.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,982 shares of the company's stock after purchasing an additional 9,094 shares during the period. Whittier Trust Co.'s holdings in Mister Car Wash were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MCW. Crow s Nest Holdings LP increased its holdings in shares of Mister Car Wash by 221.1% in the 1st quarter. Crow s Nest Holdings LP now owns 3,784,731 shares of the company's stock worth $55,976,000 after purchasing an additional 2,606,011 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in shares of Mister Car Wash by 23.5% in the 1st quarter. Wasatch Advisors Inc. now owns 9,989,232 shares of the company's stock worth $147,741,000 after purchasing an additional 1,899,664 shares in the last quarter. FMR LLC increased its holdings in shares of Mister Car Wash by 31.5% in the 2nd quarter. FMR LLC now owns 5,926,899 shares of the company's stock worth $64,485,000 after purchasing an additional 1,418,924 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mister Car Wash by 24.3% in the first quarter. Vanguard Group Inc. now owns 6,091,233 shares of the company's stock worth $90,088,000 after acquiring an additional 1,189,990 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Mister Car Wash by 281.1% in the second quarter. Sei Investments Co. now owns 1,031,471 shares of the company's stock worth $11,222,000 after acquiring an additional 760,828 shares during the period.

Mister Car Wash Price Performance

Shares of Mister Car Wash stock opened at $9.23 on Tuesday. The stock's 50-day simple moving average is $9.41 and its 200-day simple moving average is $10.10. Mister Car Wash, Inc. has a 52 week low of $7.80 and a 52 week high of $19.10. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.13 and a beta of 0.94. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 1.15.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus lowered Mister Car Wash from a "buy" rating to a "hold" rating and cut their price objective for the stock from $17.00 to $10.00 in a report on Friday, October 21st. UBS Group cut their price objective on Mister Car Wash to $11.00 in a report on Wednesday, November 16th. Robert W. Baird assumed coverage on Mister Car Wash in a report on Monday, October 3rd. They issued a "neutral" rating and a $10.00 price objective for the company. Finally, MKM Partners began coverage on Mister Car Wash in a report on Tuesday, October 4th. They issued a "neutral" rating and a $9.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Mister Car Wash has a consensus rating of "Hold" and an average price target of $11.50.

Insider Activity

In other news, COO Mayra Idali Chimienti sold 20,000 shares of the business's stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total value of $190,800.00. Following the transaction, the chief operating officer now directly owns 281,540 shares in the company, valued at $2,685,891.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Casey Penn Lindsay sold 36,978 shares of the business's stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $9.00, for a total value of $332,802.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Mayra Idali Chimienti sold 20,000 shares of the business's stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total value of $190,800.00. Following the completion of the sale, the chief operating officer now owns 281,540 shares in the company, valued at $2,685,891.60. The disclosure for this sale can be found here. Insiders have sold 199,105 shares of company stock worth $1,764,371 over the last ninety days. Corporate insiders own 71.90% of the company's stock.

About Mister Car Wash

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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. As of June 16, 2022, it operated 407 car wash locations in 21 states. 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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