Squarepoint Ops LLC Lowers Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Squarepoint Ops LLC lowered its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 22.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 205,754 shares of the company’s stock after selling 58,563 shares during the period. Squarepoint Ops LLC’s holdings in Mister Car Wash were worth $1,500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd grew its position in Mister Car Wash by 2.4% during the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock valued at $72,281,000 after acquiring an additional 230,100 shares during the period. The Manufacturers Life Insurance Company grew its position in Mister Car Wash by 25.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after acquiring an additional 912,944 shares during the period. Dimensional Fund Advisors LP grew its position in Mister Car Wash by 43.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock valued at $22,895,000 after acquiring an additional 958,479 shares during the period. Brown Brothers Harriman & Co. grew its position in Mister Car Wash by 5.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company’s stock valued at $19,239,000 after acquiring an additional 127,791 shares during the period. Finally, Marshall Wace LLP grew its position in Mister Car Wash by 103.5% during the fourth quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock valued at $15,693,000 after acquiring an additional 1,094,751 shares during the period.

Mister Car Wash Trading Down 0.1%

Shares of MCW opened at $7.12 on Friday. 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, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The stock’s 50-day moving average is $7.38 and its two-hundred day moving average is $7.57. The stock has a market cap of $2.31 billion, a PE ratio of 32.37, a P/E/G ratio of 1.65 and a beta of 1.58.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Mister Car Wash had a return on equity of 10.49% and a net margin of 7.06%. During the same period in the previous year, the business earned $0.08 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MCW shares. Stephens reduced their price objective on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley boosted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. UBS Group reduced their price objective on 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, 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 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.46.

Insider Buying and Selling

In related news, Director Jodi Taylor sold 5,205 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total value of $36,747.30. Following the transaction, the director now owns 36,932 shares in the company, valued at approximately $260,739.92. The trade was a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Lo-Minn Lai sold 22,039 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the transaction, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 225,989 shares of company stock worth $1,883,553. 69.00% of the stock is currently owned by corporate insiders.

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.