Sei Investments Co. Sells 406,819 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Sei Investments Co. lessened its position in Mister Car Wash, Inc. (NYSE:MCW) by 63.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 238,213 shares of the company’s stock after selling 406,819 shares during the period. Sei Investments Co.’s holdings in Mister Car Wash were worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCW. Wasatch Advisors LP lifted its stake in shares of Mister Car Wash by 9.6% in the fourth quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company’s stock worth $139,588,000 after buying an additional 1,409,892 shares in the last quarter. Rip Road Capital Partners LP bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $4,798,000. Dimensional Fund Advisors LP lifted its stake in shares of Mister Car Wash by 64.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock worth $9,752,000 after buying an additional 535,873 shares in the last quarter. Sea Cliff Partners Management LP bought a new position in shares of Mister Car Wash in the fourth quarter worth approximately $4,218,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Mister Car Wash by 23.4% in the second quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock worth $12,673,000 after buying an additional 337,272 shares in the last quarter.

Mister Car Wash Stock Up 1.6 %

Shares of Mister Car Wash stock opened at $6.47 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 28.13, a price-to-earnings-growth ratio of 2.04 and a beta of 1.64. The company’s 50 day moving average is $6.60 and its 200 day moving average is $6.94. Mister Car Wash, Inc. has a twelve month low of $4.80 and a twelve month high of $9.45. The company has a quick ratio of 0.25, a current ratio of 0.28 and a debt-to-equity ratio of 0.98.

Mister Car Wash (NYSE:MCW) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Mister Car Wash had a net margin of 7.37% and a return on equity of 9.90%. The business had revenue of $255.04 million for the quarter, compared to the consensus estimate of $256.65 million. Research analysts anticipate that Mister Car Wash, Inc. will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their price objective on shares of Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.50.

About Mister Car Wash

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.