Blue Trust Inc. Increases Stake in Mister Car Wash, Inc. (NYSE:MCW)

Blue Trust Inc. increased its position in Mister Car Wash, Inc. (NYSE:MCW) by 59.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,510 shares of the company’s stock after acquiring an additional 5,032 shares during the quarter. Blue Trust Inc.’s holdings in Mister Car Wash were worth $98,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. iSAM Funds UK Ltd increased its holdings in Mister Car Wash by 102.2% in the 3rd 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 last quarter. Quadrature Capital Ltd bought a new position in Mister Car Wash in the 3rd quarter worth about $198,000. MQS Management LLC bought a new position in Mister Car Wash in the 3rd quarter worth about $212,000. Paloma Partners Management Co boosted its stake in Mister Car Wash by 217.3% in 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 during the period. Finally, Arkadios Wealth Advisors boosted its stake in Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock worth $355,000 after purchasing an additional 5,702 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on MCW. Morgan Stanley raised their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group raised their target price on Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday. Wells Fargo & Company cut their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Stephens began coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.57.

Insider Activity

In related news, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $8.01, for a total value of $51,344.10. Following the completion of the sale, the insider now owns 81,206 shares in the company, valued at $650,460.06. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Performance

Shares of MCW opened at $7.26 on Friday. The company has a market cap of $2.34 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.65 and a beta of 1.63. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $7.45 and a 200-day moving average price of $7.15. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.59.

About Mister Car Wash

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.