Swiss National Bank Has $1.38 Million Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Swiss National Bank lifted its stake in Mister Car Wash, Inc. (NYSE:MCW) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,800 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Swiss National Bank owned 0.06% of Mister Car Wash worth $1,384,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after purchasing an additional 5,032 shares during the period. US Bancorp DE increased its stake in shares of Mister Car Wash by 2,317.4% in the fourth quarter. US Bancorp DE now owns 17,212 shares of the company’s stock valued at $125,000 after buying an additional 16,500 shares in the last quarter. iSAM Funds UK Ltd lifted its position in shares of 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 purchasing an additional 12,689 shares in the last quarter. Quadrature Capital Ltd bought a new position in Mister Car Wash in the 3rd quarter valued at $198,000. Finally, Paloma Partners Management Co raised its holdings in 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 during the last quarter.

Insider Activity at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 22,039 shares of Mister Car Wash stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the sale, the chief executive officer now directly owns 4,479,420 shares in the company, valued at $37,806,304.80. This trade represents a 0.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction on Friday, February 14th. The shares were 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 of the company’s stock, valued at $650,460.06. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 360,313 shares of company stock valued at $2,995,270 in the last quarter. Insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Performance

NYSE:MCW opened at $7.91 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. The stock’s 50-day simple moving average is $7.87 and its 200 day simple moving average is $7.40. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60.

Analyst Upgrades and Downgrades

MCW has been the subject of several analyst reports. Raymond James assumed coverage on Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 target price for the company. Stephens started coverage on shares of Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target for the company. Wells Fargo & Company dropped their price target on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley boosted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Finally, UBS Group lifted their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.43.

Mister Car Wash 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.