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

Legato Capital Management LLC boosted its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 41.1% during the first quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MCW. CWM LLC increased its stake in Mister Car Wash by 10.1% in the 1st quarter. CWM LLC now owns 18,976 shares of the company's stock worth $150,000 after buying an additional 1,748 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Mister Car Wash by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,791 shares of the company's stock valued at $392,000 after buying an additional 2,364 shares during the last quarter. Swiss National Bank lifted its position in shares of 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 buying an additional 2,600 shares during the last quarter. Bank of Montreal Can lifted its position in shares of 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 last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of 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 buying an additional 3,255 shares during the last quarter.

Insider Buying and Selling at Mister Car Wash

In related news, CEO John Lo-Minn Lai sold 41,997 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $280,959.93. Following the completion of the sale, the chief executive officer directly owned 4,532,254 shares of the company's stock, valued at $30,320,779.26. This trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mary Lyn Porter sold 6,303 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $42,167.07. Following the completion of the sale, the insider directly owned 23,081 shares of the company's stock, valued at approximately $154,411.89. This trade represents a 21.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 266,355 shares of company stock valued at $1,733,596. 69.00% of the stock is owned by company insiders.

Mister Car Wash Stock Up 0.9%

Shares of MCW traded up $0.06 during mid-day trading on Friday, hitting $6.46. 1,364,154 shares of the company's stock were exchanged, compared to its average volume of 1,506,942. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.65 and a beta of 1.49. Mister Car Wash, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $8.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The stock's 50-day moving average is $6.57 and its 200-day moving average is $7.25.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its 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%. Mister Car Wash's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. On average, sell-side analysts anticipate that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on MCW. The Goldman Sachs Group began coverage on shares of Mister Car Wash in a research report on Tuesday, June 3rd. They set a "sell" rating and a $6.25 price target for the company. UBS Group decreased their price target on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Stephens decreased 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. Wells Fargo & Company decreased their price objective on shares of Mister Car Wash from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Friday, July 18th. Finally, BTIG Research started coverage on shares of Mister Car Wash in a research report on Monday, June 30th. They issued a "neutral" rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Mister Car Wash has a consensus rating of "Hold" and an average target price of $8.33.

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.