Bleakley Financial Group LLC Raises Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Bleakley Financial Group LLC lifted its position in Mister Car Wash, Inc. (NYSE:MCW) by 74.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,666 shares of the company’s stock after buying an additional 28,358 shares during the period. Bleakley Financial Group LLC’s holdings in Mister Car Wash were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCW. The Manufacturers Life Insurance Company grew its position in shares of Mister Car Wash by 147.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,497 shares of the company’s stock worth $424,000 after buying an additional 35,475 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Mister Car Wash in the 2nd quarter worth approximately $112,000. SG Americas Securities LLC purchased a new stake in Mister Car Wash during the 3rd quarter worth approximately $331,000. Handelsbanken Fonder AB grew its position in Mister Car Wash by 26.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 43,100 shares of the company’s stock worth $281,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Mister Car Wash by 884.7% during the 3rd quarter. Blue Trust Inc. now owns 8,478 shares of the company’s stock worth $60,000 after purchasing an additional 7,617 shares during the last quarter.

Mister Car Wash Stock Performance

Shares of NYSE MCW opened at $7.72 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.24 and a debt-to-equity ratio of 0.96. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $9.45. The company has a 50 day simple moving average of $7.46 and a two-hundred day simple moving average of $7.12. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.75 and a beta of 1.63.

Insider Activity at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 74,304 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. The trade was a 47.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 70.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MCW shares. UBS Group boosted their target price on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company dropped 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 report on Monday, January 6th. Stephens started coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 target price on the stock. Finally, Morgan Stanley dropped their target price on shares of Mister Car Wash from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Mister Car Wash has a consensus rating of “Hold” and a consensus price target of $8.81.

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.