PharVision Advisers LLC Makes New $330,000 Investment in Mister Car Wash, Inc. (NYSE:MCW)

PharVision Advisers LLC bought a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 45,331 shares of the company's stock, valued at approximately $330,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FIL Ltd grew its stake in shares of Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company's stock worth $72,281,000 after purchasing an additional 230,100 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Mister Car Wash by 25.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company's stock worth $33,127,000 after purchasing an additional 912,944 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Mister Car Wash by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock worth $22,895,000 after purchasing an additional 958,479 shares during the period. Brown Brothers Harriman & Co. grew its position in Mister Car Wash by 5.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company's stock valued at $19,239,000 after buying an additional 127,791 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Mister Car Wash by 103.5% in the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company's stock valued at $15,693,000 after buying an additional 1,094,751 shares in the last quarter.

Insider Buying and Selling at Mister Car Wash

In related news, CFO Jedidiah Marc Gold sold 42,278 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the transaction, the chief financial officer now owns 44,854 shares in the company, valued at $381,259. This trade represents a 48.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jodi Taylor sold 5,205 shares of Mister Car Wash stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total value of $36,747.30. Following the completion of the transaction, the director now directly owns 36,932 shares in the company, valued at $260,739.92. This represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,267 shares of company stock valued at $2,242,916. Corporate insiders own 69.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on MCW shares. Morgan Stanley boosted their price target on shares of 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 shares of 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. UBS Group dropped their target price on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Raymond James assumed coverage on Mister Car Wash in a research report on Thursday, March 13th. They issued an "outperform" rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Mister Car Wash presently has an average rating of "Hold" and a consensus price target of $8.46.

Mister Car Wash Price Performance

NYSE MCW traded up $0.10 on Tuesday, reaching $7.19. The company's stock had a trading volume of 223,465 shares, compared to its average volume of 1,538,702. 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 quick ratio of 0.24 and a current ratio of 0.53. The firm's 50 day moving average is $7.47 and its two-hundred day moving average is $7.60. The stock has a market cap of $2.33 billion, a PE ratio of 32.66, a PEG ratio of 1.65 and a beta of 1.58.

Mister Car Wash (NYSE:MCW - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.11 EPS 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 period in the prior year, the company posted $0.08 EPS. As a group, sell-side analysts predict that Mister Car Wash, Inc. will post 0.33 EPS for the current year.

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.