129,591 Shares in Mister Car Wash, Inc. (NYSE:MCW) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 129,591 shares of the company’s stock, valued at approximately $945,000.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Mister Car Wash by 136.0% during the 4th quarter. JPMorgan Chase & Co. now owns 276,533 shares of the company’s stock valued at $2,016,000 after purchasing an additional 159,358 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $102,000. KLP Kapitalforvaltning AS bought a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $128,000. American Century Companies Inc. raised its holdings in Mister Car Wash by 21.5% in the 4th quarter. American Century Companies Inc. now owns 162,747 shares of the company’s stock worth $1,186,000 after acquiring an additional 28,829 shares during the last quarter. Finally, Swiss National Bank lifted its position in Mister Car Wash by 1.4% in the 4th quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after acquiring an additional 2,600 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MCW shares. Morgan Stanley upped their target price on shares of 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 began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price on the stock. UBS Group boosted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Stephens assumed coverage on Mister Car Wash in a research note on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.43.

Insiders Place Their Bets

In other news, CEO John Lo-Minn Lai sold 22,039 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total transaction of $186,009.16. Following the completion of the sale, the chief executive officer now owns 4,479,420 shares in the company, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joseph Duane Matheny sold 74,304 shares of the stock in a transaction dated 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 sale, the insider now owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 360,313 shares of company stock worth $2,995,270. 70.00% of the stock is currently owned by company insiders.

Mister Car Wash Stock Down 0.3 %

Shares of MCW opened at $7.89 on Tuesday. The firm has a fifty day moving average price of $7.89 and a 200-day moving average price of $7.44. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.56 billion, a P/E ratio of 35.87, a P/E/G ratio of 1.65 and a beta of 1.60. Mister Car Wash, Inc. has a 12-month low of $5.84 and a 12-month high of $8.60.

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.