Handelsbanken Fonder AB Buys 4,000 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Handelsbanken Fonder AB raised its position in Mister Car Wash, Inc. (NYSE:MCW) by 9.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,100 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Handelsbanken Fonder AB’s holdings in Mister Car Wash were worth $343,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. grew its position 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 buying an additional 5,032 shares during the period. Arkadios Wealth Advisors raised its position in shares of Mister Car Wash by 13.3% during the fourth 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. Victory Capital Management Inc. lifted its holdings in shares of Mister Car Wash by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after purchasing an additional 10,377 shares in the last quarter. iSAM Funds UK Ltd grew its position 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 valued at $163,000 after purchasing an additional 12,689 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Mister Car Wash by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 456,136 shares of the company’s stock valued at $3,325,000 after purchasing an additional 14,205 shares in the last quarter.

Insider Activity at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 74,304 shares of Mister Car Wash stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total transaction of $598,147.20. Following the completion of the sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 111,456 shares of company stock worth $897,579. 70.00% of the stock is owned by company insiders.

Analyst Ratings Changes

MCW has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price objective 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. Morgan Stanley lifted their target price on 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. UBS Group boosted their price target on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Stephens began coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.57.

Mister Car Wash Trading Down 0.2 %

NYSE:MCW opened at $8.47 on Tuesday. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.56. The stock’s fifty day moving average price is $7.53 and its two-hundred day moving average price is $7.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company has a market cap of $2.74 billion, a P/E ratio of 38.50, a P/E/G ratio of 1.65 and a beta of 1.63.

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.