Mister Car Wash, Inc. (NYSE:MCW) Shares Bought by Algert Global LLC

Algert Global LLC grew its stake in Mister Car Wash, Inc. (NYSE:MCW) by 652.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 346,224 shares of the company’s stock after buying an additional 300,184 shares during the quarter. Algert Global LLC owned 0.11% of Mister Car Wash worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Swiss National Bank grew its stake in shares of Mister Car Wash by 1.4% during the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock worth $1,384,000 after purchasing an additional 2,600 shares during the period. Bank of Montreal Can grew its position in Mister Car Wash by 22.6% during the fourth quarter. Bank of Montreal Can now owns 14,380 shares of the company’s stock valued at $105,000 after buying an additional 2,649 shares during the period. MetLife Investment Management LLC increased its holdings in Mister Car Wash by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company’s stock valued at $425,000 after buying an additional 3,255 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Mister Car Wash by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock worth $343,000 after acquiring an additional 4,000 shares during the period. Finally, Blue Trust Inc. boosted its stake 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 acquiring an additional 5,032 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MCW shares. Morgan Stanley upped their price target 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. Raymond James started coverage on Mister Car Wash in a research note on Thursday, March 13th. They set an “outperform” rating and a $10.00 target price for the company. UBS Group dropped their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Finally, Stephens reduced their price objective on shares of Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.46.

Insider Activity at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 22,039 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the transaction, the chief executive officer now directly owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph Duane Matheny sold 30,742 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $8.07, for a total value of $248,087.94. Following the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $655,332.42. This trade represents a 27.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 286,009 shares of company stock valued at $2,397,123. 70.00% of the stock is currently owned by insiders.

Mister Car Wash Trading Down 0.1 %

Shares of MCW opened at $7.52 on Thursday. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60. The stock has a market cap of $2.44 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The firm’s fifty day moving average is $7.60 and its two-hundred day moving average is $7.56. 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 (NYSE:MCW) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Research analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

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.