Blueshift Asset Management LLC Sells 131,244 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Blueshift Asset Management LLC lowered its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 83.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,247 shares of the company’s stock after selling 131,244 shares during the quarter. Blueshift Asset Management LLC’s holdings in Mister Car Wash were worth $184,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Barclays PLC lifted its position in Mister Car Wash by 281.2% during the third quarter. Barclays PLC now owns 179,013 shares of the company’s stock valued at $1,165,000 after purchasing an additional 132,051 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Mister Car Wash by 54.6% during the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company’s stock valued at $763,000 after purchasing an additional 41,390 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Mister Car Wash by 41.1% during the third quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock valued at $16,349,000 after purchasing an additional 731,366 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after purchasing an additional 3,571,675 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Mister Car Wash in the fourth quarter valued at $698,000.

Insiders Place Their Bets

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the transaction, the insider now directly owns 81,206 shares in the company, valued at $650,460.06. This represents a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $8.50, for a total transaction of $359,363.00. Following the transaction, the chief financial officer now owns 44,854 shares in the company, valued at approximately $381,259. The trade was a 48.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 307,324 shares of company stock worth $2,543,804 in the last three months. Corporate insiders own 70.00% of the company’s stock.

Analyst Ratings Changes

MCW has been the topic of several recent analyst reports. Raymond James initiated coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Stephens initiated 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. Morgan Stanley increased their target price on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Wells Fargo & Company reduced 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. Finally, UBS Group increased their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.43.

Mister Car Wash Trading Down 0.9 %

MCW stock opened at $8.10 on Friday. The company has a market capitalization of $2.62 billion, a PE ratio of 36.82, a P/E/G ratio of 1.65 and a beta of 1.60. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.56. The firm’s 50-day moving average is $7.75 and its 200 day moving average is $7.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24.

Mister Car Wash Company 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.