Mister Car Wash, Inc. (NYSE:MCW) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP lifted its stake in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 103.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,152,718 shares of the company's stock after acquiring an additional 1,094,751 shares during the period. Marshall Wace LLP owned 0.67% of Mister Car Wash worth $15,693,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FIL Ltd raised its holdings in 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. Raymond James Financial Inc. bought a new position in shares of Mister Car Wash during the 4th quarter worth approximately $1,217,000. JPMorgan Chase & Co. lifted its position in Mister Car Wash by 136.0% during the fourth quarter. JPMorgan Chase & Co. now owns 276,533 shares of the company's stock valued at $2,016,000 after acquiring an additional 159,358 shares during the last quarter. AlphaQuest LLC boosted its stake in Mister Car Wash by 218,505.6% in the fourth quarter. AlphaQuest LLC now owns 155,210 shares of the company's stock valued at $1,131,000 after acquiring an additional 155,139 shares in the last quarter. Finally, Barclays PLC boosted its stake in Mister Car Wash by 281.2% in the third quarter. Barclays PLC now owns 179,013 shares of the company's stock valued at $1,165,000 after acquiring an additional 132,051 shares in the last quarter.

Insider Transactions at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 74,304 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $8.05, for a total value of $598,147.20. Following the completion of the transaction, the insider now directly owns 81,206 shares in the company, valued at $653,708.30. The trade was a 47.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jedidiah Marc Gold sold 93,121 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.51, for a total transaction of $792,459.71. Following the sale, the chief financial officer now owns 55,437 shares in the company, valued at approximately $471,768.87. This represents a 62.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 360,313 shares of company stock worth $2,995,270 over the last 90 days. 70.00% of the stock is currently owned by company insiders.

Mister Car Wash Stock Performance

NYSE MCW traded up $0.01 during trading hours on Friday, reaching $7.10. The stock had a trading volume of 1,349,502 shares, compared to its average volume of 1,604,311. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-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 has a market cap of $2.31 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The stock has a fifty day moving average of $7.65 and a 200 day moving average of $7.51.

Analyst Ratings Changes

Several brokerages have recently commented on MCW. UBS Group increased their price objective on Mister Car Wash from $8.00 to $8.50 and gave the company a "neutral" rating in a report on Thursday, February 20th. Morgan Stanley increased their price target on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Raymond James initiated coverage on Mister Car Wash in a research note on Thursday, March 13th. They set an "outperform" rating and a $10.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Finally, Stephens lowered their target price on shares of Mister Car Wash from $9.00 to $8.50 and set an "equal weight" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Mister Car Wash currently has a consensus rating of "Hold" and an average price target of $8.50.

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.