Verition Fund Management LLC Buys 343,512 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Verition Fund Management LLC increased its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 200.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,467 shares of the company’s stock after acquiring an additional 343,512 shares during the period. Verition Fund Management LLC owned about 0.16% of Mister Car Wash worth $3,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Walleye Capital LLC lifted its position in shares of Mister Car Wash by 13.9% during the third quarter. Walleye Capital LLC now owns 152,252 shares of the company’s stock worth $991,000 after acquiring an additional 18,560 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Mister Car Wash by 129.1% in the third quarter. MetLife Investment Management LLC now owns 55,043 shares of the company’s stock worth $358,000 after purchasing an additional 31,014 shares during the last quarter. Blueshift Asset Management LLC grew its stake in shares of Mister Car Wash by 341.4% in the third quarter. Blueshift Asset Management LLC now owns 156,491 shares of the company’s stock worth $1,019,000 after purchasing an additional 121,035 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after buying an additional 3,571,675 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in Mister Car Wash by 41.1% in the third quarter. Brown Brothers Harriman & Co. now owns 2,511,330 shares of the company’s stock worth $16,349,000 after buying an additional 731,366 shares during the period.

Mister Car Wash Trading Up 1.2 %

NYSE:MCW opened at $7.90 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.27 and a quick ratio of 0.24. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 2.07 and a beta of 1.61. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $9.45. The business has a fifty day moving average price of $7.21 and a 200-day moving average price of $6.97.

Mister Car Wash (NYSE:MCW) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Mister Car Wash had a return on equity of 9.92% and a net margin of 7.54%. The business had revenue of $249.33 million during the quarter, compared to analyst estimates of $249.15 million. During the same quarter in the prior year, the business posted $0.06 EPS. Mister Car Wash’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Mister Car Wash, Inc. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their price objective on shares of Mister Car Wash from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.25.

Insider Buying and Selling at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 144,319 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $7.54, for a total value of $1,088,165.26. Following the completion of the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at $338,199.16. This trade represents a 76.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Duane Matheny sold 23,697 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $7.97, for a total transaction of $188,865.09. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $647,211.82. The trade was a 22.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 613,896 shares of company stock valued at $4,957,139 in the last 90 days. 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.