Sei Investments Co. Sells 406,819 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Sei Investments Co. trimmed its position in shares of Mister Car Wash, Inc. (NYSE:MCW) by 63.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,213 shares of the company’s stock after selling 406,819 shares during the period. Sei Investments Co. owned about 0.07% of Mister Car Wash worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Mister Car Wash by 64.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after acquiring an additional 535,873 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Mister Car Wash by 23.4% during the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after acquiring an additional 337,272 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Mister Car Wash by 29.6% during the second quarter. Texas Permanent School Fund Corp now owns 103,268 shares of the company’s stock valued at $735,000 after acquiring an additional 23,556 shares during the last quarter. Quest Partners LLC raised its stake in shares of Mister Car Wash by 332.9% during the second quarter. Quest Partners LLC now owns 116,750 shares of the company’s stock valued at $831,000 after acquiring an additional 89,783 shares during the last quarter. Finally, Savant Capital LLC increased its position in shares of Mister Car Wash by 193.1% during the second quarter. Savant Capital LLC now owns 150,055 shares of the company’s stock valued at $1,068,000 after buying an additional 98,862 shares during the period.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their price target on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, Mister Car Wash presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Mister Car Wash Price Performance

Shares of NYSE MCW opened at $6.47 on Friday. Mister Car Wash, Inc. has a 1 year low of $4.80 and a 1 year high of $9.45. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. The company’s 50-day moving average is $6.60 and its 200 day moving average is $6.94. The stock has a market capitalization of $2.07 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.04 and a beta of 1.64.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $255.04 million for the quarter, compared to analysts’ expectations of $256.65 million. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. On average, sell-side analysts expect that Mister Car Wash, Inc. will post 0.27 earnings per share for the current year.

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.