Cwm LLC boosted its stake in shares of Mister Car Wash, Inc. (NYSE:MCW – Get Rating) by 12,275.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,818 shares of the company's stock after purchasing an additional 42,472 shares during the quarter. Cwm LLC's holdings in Mister Car Wash were worth $367,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCW. Point72 Hong Kong Ltd acquired a new position in Mister Car Wash during the 2nd quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in Mister Car Wash by 119.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,838 shares of the company's stock valued at $33,000 after purchasing an additional 2,092 shares during the period. MetLife Investment Management LLC acquired a new position in Mister Car Wash during the 1st quarter valued at approximately $63,000. Whittier Trust Co. acquired a new position in Mister Car Wash during the 2nd quarter valued at approximately $86,000. Finally, Quantbot Technologies LP acquired a new position in Mister Car Wash during the 1st quarter valued at approximately $87,000.
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Analysts Set New Price Targets
MCW has been the subject of a number of analyst reports. MKM Partners assumed coverage on Mister Car Wash in a research report on Tuesday, October 4th. They set a "neutral" rating and a $9.00 price objective for the company. Robert W. Baird assumed coverage on Mister Car Wash in a research report on Monday, October 3rd. They set a "neutral" rating and a $10.00 price target for the company. Stifel Nicolaus lowered Mister Car Wash from a "buy" rating to a "hold" rating and reduced their price target for the stock from $17.00 to $10.00 in a research report on Friday, October 21st. Finally, UBS Group reduced their price target on Mister Car Wash to $11.00 in a research report on Wednesday, November 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.50.
Mister Car Wash Stock Up 1.2 %
MCW opened at $10.44 on Friday. Mister Car Wash, Inc. has a one year low of $7.80 and a one year high of $17.75. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.73 and a current ratio of 0.79. The stock's fifty day moving average is $9.60 and its 200-day moving average is $10.04. The company has a market capitalization of $3.18 billion, a PE ratio of 26.10, a P/E/G ratio of 2.09 and a beta of 0.94.
Mister Car Wash (NYSE:MCW – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. Mister Car Wash had a return on equity of 16.69% and a net margin of 15.40%. The company had revenue of $217.58 million for the quarter, compared to the consensus estimate of $215.68 million. On average, equities analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current fiscal year.
Insider Transactions at Mister Car Wash
In other news, VP Casey Penn Lindsay sold 36,978 shares of the business's stock in a transaction on 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 accessible through this link. In other news, VP Casey Penn Lindsay sold 36,978 shares of the business's stock in a transaction on Monday, October 17th. The stock was sold at an average price of $9.00, for a total transaction of $332,802.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mayra Idali Chimienti sold 20,000 shares of the business's stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $9.54, for a total value of $190,800.00. Following the sale, the chief operating officer now directly owns 281,540 shares in the company, valued at $2,685,891.60. The disclosure for this sale can be found here. Company insiders own 71.90% of the company's stock.
Mister Car Wash Company Profile
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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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