Squarepoint Ops LLC Has $1.50 Million Stock Position in Mister Car Wash, Inc. (NYSE:MCW)

Squarepoint Ops LLC trimmed its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,754 shares of the company's stock after selling 58,563 shares during the quarter. Squarepoint Ops LLC owned about 0.06% of Mister Car Wash worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Quantinno Capital Management LP acquired a new position in shares of Mister Car Wash during the fourth quarter worth approximately $77,000. Quarry LP acquired a new position in Mister Car Wash during the 4th quarter valued at $79,000. Forum Financial Management LP bought a new stake in Mister Car Wash in the 4th quarter valued at $81,000. BNP Paribas Financial Markets acquired a new stake in Mister Car Wash in the 4th quarter worth $96,000. Finally, Blue Trust Inc. increased its holdings in shares of Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock worth $98,000 after purchasing an additional 5,032 shares during the period.

Insider Activity at Mister Car Wash

In other news, Director Veronica Rogers sold 5,205 shares of the business'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 now owns 27,880 shares in the company, valued at $196,832.80. The trade was a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mary Lyn Porter sold 6,303 shares of Mister Car Wash stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $6.69, for a total value of $42,167.07. Following the completion of the sale, the insider now owns 23,081 shares of the company's stock, valued at approximately $154,411.89. The trade was a 21.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,560 shares of company stock valued at $1,576,563 over the last ninety days. 69.00% of the stock is owned by insiders.

Mister Car Wash Price Performance

Shares of MCW traded up $0.07 during trading hours on Wednesday, hitting $6.66. The stock had a trading volume of 405,166 shares, compared to its average volume of 1,538,513. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 1.65 and a beta of 1.58. 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's fifty day moving average is $7.31 and its two-hundred day moving average is $7.55. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60.

Mister Car Wash (NYSE:MCW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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%. During the same period in the previous year, the company earned $0.08 earnings per share. The firm's quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts anticipate that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on MCW. Morgan Stanley lifted their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Stephens lowered 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 report on Thursday, April 24th. UBS Group decreased their price target 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. Raymond James started coverage on shares of Mister Car Wash in a research note on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Mister Car Wash in a research report on Tuesday. They set a "sell" rating and a $6.25 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Mister Car Wash currently has a consensus rating of "Hold" and a consensus target price of $8.50.

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.