Aquatic Capital Management LLC Has $253,000 Stock Holdings in Mister Car Wash, Inc. (NYSE:MCW)

Aquatic Capital Management LLC reduced its position in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 76.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,661 shares of the company's stock after selling 112,139 shares during the period. Aquatic Capital Management LLC's holdings in Mister Car Wash were worth $253,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC lifted its position in Mister Car Wash by 305.7% during the 3rd quarter. Jane Street Group LLC now owns 99,099 shares of the company's stock valued at $645,000 after purchasing an additional 74,673 shares during the period. Barclays PLC lifted its holdings 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 buying an additional 132,051 shares during the period. JPMorgan Chase & Co. boosted its stake in Mister Car Wash by 54.6% in the third quarter. JPMorgan Chase & Co. now owns 117,175 shares of the company's stock valued at $763,000 after acquiring an additional 41,390 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in Mister Car Wash by 13.3% during the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company's stock worth $355,000 after acquiring an additional 5,702 shares during the period. Finally, Blue Trust Inc. raised its position 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 valued at $98,000 after acquiring an additional 5,032 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MCW shares. Morgan Stanley upped their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Raymond James began coverage on Mister Car Wash in a research note on Thursday, March 13th. They issued an "outperform" rating and a $10.00 price target for the company. UBS Group reduced their price objective 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. 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, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $8.46.

Mister Car Wash Stock Down 0.5 %

MCW traded down $0.04 during trading on Friday, hitting $7.45. The company had a trading volume of 486,418 shares, compared to its average volume of 1,577,488. The company has a market capitalization of $2.42 billion, a PE ratio of 33.87, a PEG ratio of 1.65 and a beta of 1.58. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.60. The firm's 50-day moving average price is $7.58 and its 200 day moving average price is $7.57.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued 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 return on equity of 10.49% and a net margin of 7.06%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. As a group, equities analysts expect that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Insider Transactions at Mister Car Wash

In other Mister Car Wash news, insider Joseph Duane Matheny sold 30,742 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $8.07, for a total transaction of $248,087.94. Following the transaction, the insider now owns 81,206 shares of the company's stock, valued at $655,332.42. The trade was a 27.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jedidiah Marc Gold sold 52,989 shares of Mister Car Wash stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.52, for a total value of $451,466.28. Following the transaction, the chief financial officer now owns 55,437 shares of the company's stock, valued at $472,323.24. This represents a 48.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 286,009 shares of company stock worth $2,397,123 in the last three months. Insiders own 70.00% of the company's stock.

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.