Squarepoint Ops LLC Reduces Stake in Mister Car Wash, Inc. (NYSE:MCW)

Squarepoint Ops LLC cut its stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 22.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in shares of Mister Car Wash by 59.4% in the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company's stock valued at $98,000 after purchasing an additional 5,032 shares during the period. Bleakley Financial Group LLC raised its holdings in Mister Car Wash by 74.0% in the fourth quarter. Bleakley Financial Group LLC now owns 66,666 shares of the company's stock worth $486,000 after purchasing an additional 28,358 shares in the last quarter. Legato Capital Management LLC purchased a new position in Mister Car Wash during the fourth quarter valued at $692,000. Principal Financial Group Inc. lifted its position in Mister Car Wash by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 456,136 shares of the company's stock valued at $3,325,000 after buying an additional 14,205 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Mister Car Wash by 419.9% during the 4th quarter. New York State Common Retirement Fund now owns 132,826 shares of the company's stock valued at $968,000 after buying an additional 107,280 shares in the last quarter.

Insiders Place Their Bets

In other Mister Car Wash news, CEO John Lo-Minn Lai sold 41,997 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.69, for a total transaction of $280,959.93. Following the transaction, the chief executive officer now owns 4,532,254 shares in the company, valued at approximately $30,320,779.26. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jedidiah Marc Gold sold 9,187 shares of Mister Car Wash stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $6.69, for a total transaction of $61,461.03. Following the completion of the sale, the chief financial officer now owns 66,994 shares of the company's stock, valued at $448,189.86. This represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,560 shares of company stock valued at $1,576,563. Corporate insiders own 69.00% of the company's stock.

Mister Car Wash Stock Up 0.6%

NYSE:MCW traded up $0.04 on Wednesday, reaching $6.63. 1,694,599 shares of the stock traded hands, compared to its average volume of 1,540,214. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.65 and a beta of 1.56. Mister Car Wash, Inc. has a 12 month low of $5.84 and a 12 month high of $8.60. The company's fifty day simple moving average is $7.28 and its 200 day simple moving average is $7.55.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Mister Car Wash in a research note on Tuesday. They issued a "sell" rating and a $6.25 price target for the company. Morgan Stanley upped their price objective on shares of Mister Car Wash from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. UBS Group decreased their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Raymond James started coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target on the stock. Finally, Stephens cut their price target on Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Mister Car Wash has a consensus rating of "Hold" and an average price target of $8.50.

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.