New York State Common Retirement Fund Increases Stake in Mister Car Wash, Inc. (NYSE:MCW)

New York State Common Retirement Fund lifted its stake in shares of Mister Car Wash, Inc. (NYSE:MCW) by 419.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,826 shares of the company’s stock after buying an additional 107,280 shares during the quarter. New York State Common Retirement Fund’s holdings in Mister Car Wash were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Mister Car Wash by 59.4% in the fourth 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. iSAM Funds UK Ltd lifted its stake in shares of Mister Car Wash by 102.2% in the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock worth $163,000 after buying an additional 12,689 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Mister Car Wash in the third quarter worth approximately $198,000. MQS Management LLC bought a new position in shares of Mister Car Wash in the third quarter worth approximately $212,000. Finally, Paloma Partners Management Co lifted its stake in shares of Mister Car Wash by 217.3% in the third quarter. Paloma Partners Management Co now owns 36,748 shares of the company’s stock worth $239,000 after buying an additional 25,168 shares in the last quarter.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. This represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 111,456 shares of company stock worth $897,579 over the last quarter. Company insiders own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MCW. Wells Fargo & Company dropped their target price on shares of 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. UBS Group upped their target price 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. Stephens assumed 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 target price on the stock. Finally, Morgan Stanley increased their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.57.

Mister Car Wash Stock Down 0.2 %

Shares of Mister Car Wash stock opened at $8.47 on Tuesday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.63. The company’s 50 day moving average is $7.53 and its 200 day moving average is $7.20. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.56. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92.

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.