UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,243 shares of the company’s stock after selling 14,350 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Mister Car Wash worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. nVerses Capital LLC purchased a new position in Mister Car Wash in the second quarter worth about $31,000. Blue Trust Inc. boosted its holdings in shares of Mister Car Wash by 884.7% in the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the period. Ariadne Wealth Management LP bought a new position in shares of Mister Car Wash during the 2nd quarter valued at approximately $73,000. Pallas Capital Advisors LLC purchased a new stake in Mister Car Wash during the 2nd quarter valued at $84,000. Finally, CIBC Asset Management Inc bought a new stake in Mister Car Wash in the second quarter worth $91,000.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Mister Car Wash presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $7.37 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average is $7.44 and its two-hundred day moving average is $7.03. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $9.45. The company has a market capitalization of $2.37 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 2.00 and a beta of 1.61.

Mister Car Wash (NYSE:MCW) last posted its quarterly 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. The company had revenue of $249.33 million for the quarter, compared to the consensus estimate of $249.15 million. Mister Car Wash had a net margin of 7.54% and a return on equity of 9.92%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. As a group, analysts expect that Mister Car Wash, Inc. will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 144,319 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $7.54, for a total transaction of $1,088,165.26. Following the transaction, the chief financial officer now directly owns 44,854 shares in the company, valued at $338,199.16. This represents a 76.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 14,600 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $7.97, for a total transaction of $116,362.00. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at $647,211.82. The trade was a 15.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 613,896 shares of company stock valued at $4,957,139 over the last quarter. 70.00% of the stock is owned by corporate insiders.

Mister Car Wash Company 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.