Legato Capital Management LLC Boosts Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Legato Capital Management LLC raised its stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 41.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,840 shares of the company's stock after purchasing an additional 38,952 shares during the quarter. Legato Capital Management LLC's holdings in Mister Car Wash were worth $1,056,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in Mister Car Wash by 10.1% during the first quarter. CWM LLC now owns 18,976 shares of the company's stock valued at $150,000 after purchasing an additional 1,748 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mister Car Wash by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock worth $392,000 after buying an additional 2,364 shares during the period. Swiss National Bank lifted its holdings in Mister Car Wash by 1.4% during the fourth quarter. Swiss National Bank now owns 189,800 shares of the company's stock valued at $1,384,000 after purchasing an additional 2,600 shares in the last quarter. Bank of Montreal Can lifted its holdings 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 purchasing an additional 2,649 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Mister Car Wash by 5.9% during the fourth quarter. MetLife Investment Management LLC now owns 58,298 shares of the company's stock valued at $425,000 after purchasing an additional 3,255 shares in the last quarter.

Mister Car Wash Stock Up 0.9%

Shares of Mister Car Wash stock traded up $0.06 during trading hours on Friday, hitting $6.46. The company had a trading volume of 1,364,154 shares, compared to its average volume of 1,506,942. The company's 50-day moving average is $6.60 and its two-hundred day moving average is $7.25. Mister Car Wash, Inc. has a twelve month low of $5.84 and a twelve month high of $8.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.53 and a quick ratio of 0.24. The company has a market cap of $2.10 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.49.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued 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 business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MCW shares. BTIG Research started coverage on shares of Mister Car Wash in a research report on Monday, June 30th. They set a "neutral" rating on the stock. The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research note on Tuesday, June 3rd. They issued a "sell" rating and a $6.25 price target on the stock. Wells Fargo & Company reduced their price target on shares of Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Friday, July 18th. UBS Group cut their target price 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 lowered their price target on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.33.

Insider Activity

In other news, insider Joseph Duane Matheny sold 102,456 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $6.30, for a total value of $645,472.80. Following the completion of the sale, the insider owned 88,196 shares in the company, valued at approximately $555,634.80. This trade represents a 53.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Veronica Rogers sold 5,205 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total transaction of $36,747.30. Following the completion of the sale, the director owned 27,880 shares of the company's stock, valued at $196,832.80. This trade represents a 15.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 266,355 shares of company stock worth $1,733,596 over the last 90 days. 70.00% of the stock is 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.