Schonfeld Strategic Advisors LLC Sells 266,571 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Schonfeld Strategic Advisors LLC trimmed its holdings in Mister Car Wash, Inc. (NYSE:MCW - Free Report) by 93.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,100 shares of the company's stock after selling 266,571 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Mister Car Wash were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MCW. Marshall Wace LLP grew its position in shares of 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 purchasing an additional 1,094,751 shares during the period. Dimensional Fund Advisors LP raised its stake in Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company's stock valued at $22,895,000 after acquiring an additional 958,479 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of 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. FIL Ltd boosted its stake in Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company's stock valued at $72,281,000 after buying an additional 230,100 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Mister Car Wash during the fourth quarter valued at about $1,217,000.

Mister Car Wash Stock Down 0.3%

Shares of Mister Car Wash stock traded down $0.03 during trading on Tuesday, hitting $7.57. 48,314 shares of the stock were exchanged, compared to its average volume of 1,554,455. 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 stock has a market cap of $2.46 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60. The firm's 50-day moving average price is $7.55 and its 200 day moving average price is $7.63.

Mister Car Wash (NYSE:MCW - Get Free Report) last issued its 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 period in the prior year, the firm posted $0.08 EPS. The business's revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Lo-Minn Lai sold 22,039 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the transaction, the chief executive officer now directly owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 9,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $7.97, for a total transaction of $71,730.00. Following the sale, the insider now directly owns 84,895 shares in the company, valued at $676,613.15. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,599 shares of company stock valued at $2,417,509 over the last ninety days. Corporate insiders own 69.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MCW shares. UBS Group decreased their price target on Mister Car Wash from $8.50 to $8.25 and set a "neutral" rating for the company in a report on Thursday, May 1st. Stephens reduced their price objective 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. Raymond James assumed 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 target for the company. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.46.

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.