Mister Car Wash, Inc. (NYSE:MCW) Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 218,505.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 155,210 shares of the company’s stock after purchasing an additional 155,139 shares during the quarter. AlphaQuest LLC’s holdings in Mister Car Wash were worth $1,131,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock valued at $98,000 after purchasing an additional 5,032 shares during the period. US Bancorp DE boosted its holdings in shares of Mister Car Wash by 2,317.4% in the fourth quarter. US Bancorp DE now owns 17,212 shares of the company’s stock valued at $125,000 after acquiring an additional 16,500 shares in the last quarter. iSAM Funds UK Ltd boosted its holdings in Mister Car Wash by 102.2% during the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock worth $163,000 after buying an additional 12,689 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Mister Car Wash during the third quarter worth about $198,000. Finally, MQS Management LLC purchased a new stake in Mister Car Wash during the third quarter worth about $212,000.

Insider Activity

In other news, CFO Jedidiah Marc Gold sold 93,121 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $8.51, for a total value of $792,459.71. Following the completion of the transaction, the chief financial officer now owns 55,437 shares of the company’s stock, valued at $471,768.87. The trade was a 62.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 270,272 shares of company stock valued at $2,247,041 over the last 90 days. Insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Performance

NYSE:MCW opened at $7.96 on Monday. The firm has a 50 day simple moving average of $7.58 and a 200-day simple moving average of $7.25. 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 firm has a market cap of $2.58 billion, a PE ratio of 36.18, a P/E/G ratio of 1.65 and a beta of 1.60. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.56.

Analyst Ratings Changes

A number of research firms recently commented on MCW. Stephens assumed coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective on the stock. Wells Fargo & Company cut their target price 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. UBS Group lifted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley lifted their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $8.57.

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.