Blue Trust Inc. Acquires 5,032 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Blue Trust Inc. grew its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 59.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,510 shares of the company’s stock after acquiring an additional 5,032 shares during the period. Blue Trust Inc.’s holdings in Mister Car Wash were worth $98,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MCW. Sanctuary Advisors LLC acquired a new stake in shares of Mister Car Wash during the second quarter worth $112,000. iSAM Funds UK Ltd increased its position in Mister Car Wash by 102.2% during the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock worth $163,000 after acquiring an additional 12,689 shares during the period. Quadrature Capital Ltd acquired a new stake in Mister Car Wash in the 3rd quarter worth about $198,000. MQS Management LLC bought a new stake in Mister Car Wash in the 3rd quarter valued at about $212,000. Finally, Paloma Partners Management Co grew its position in shares of Mister Car Wash by 217.3% during the 3rd quarter. Paloma Partners Management Co now owns 36,748 shares of the company’s stock worth $239,000 after purchasing an additional 25,168 shares in the last quarter.

Mister Car Wash Stock Performance

Mister Car Wash stock opened at $7.84 on Friday. The stock has a market cap of $2.53 billion, a PE ratio of 34.09, a P/E/G ratio of 1.77 and a beta of 1.63. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $9.45. The business’s 50-day moving average price is $7.46 and its two-hundred day moving average price is $7.12.

Insider Buying and Selling

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now owns 81,206 shares of the company’s stock, valued at $653,708.30. This represents a 47.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jedidiah Marc Gold sold 66,122 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $8.51, for a total value of $562,698.22. Following the completion of the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $381,707.54. This represents a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 70.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on MCW. 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 for the company. Morgan Stanley reduced their target price on Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group upped their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.81.

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.