By otakuyassine3@gmail.com 
EntryPoint Capital LLC lowered its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW – Free Report) by 38.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,383 shares of the company’s stock after selling 7,109 shares during the quarter. EntryPoint Capital LLC’s holdings in Mister Car Wash were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in Mister Car Wash by 6,003.1% during the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock valued at $23,639,000 after buying an additional 3,571,675 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Mister Car Wash by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 55,043 shares of the company’s stock valued at $358,000 after acquiring an additional 31,014 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Mister Car Wash by 13.9% in the 3rd quarter. Walleye Capital LLC now owns 152,252 shares of the company’s stock valued at $991,000 after acquiring an additional 18,560 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Mister Car Wash by 200.9% in the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company’s stock worth $3,349,000 after purchasing an additional 343,512 shares during the last quarter. Finally, Paloma Partners Management Co boosted its position in Mister Car Wash by 217.3% during the third quarter. Paloma Partners Management Co now owns 36,748 shares of the company’s stock worth $239,000 after purchasing an additional 25,168 shares during the period.
Insider Buying and Selling at Mister Car Wash
In other news, insider Joseph Duane Matheny sold 6,410 shares of Mister Car Wash stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $8.01, for a total transaction of $51,344.10. Following the sale, the insider now directly owns 81,206 shares in the company, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jedidiah Marc Gold sold 52,989 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.52, for a total transaction of $451,466.28. Following the completion of the sale, the chief financial officer now directly owns 55,437 shares in the company, valued at approximately $472,323.24. The trade was a 48.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 360,313 shares of company stock valued at $2,995,270 in the last quarter. Corporate insiders own 70.00% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently commented on MCW. Stephens initiated coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Raymond James began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target for the company. UBS Group raised their price target on Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley boosted their price objective on 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Mister Car Wash currently has a consensus rating of “Hold” and an average price target of $8.43.
Get Our Latest Analysis on MCW
Mister Car Wash Stock Down 3.3 %
Shares of MCW opened at $7.91 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 0.53. The company has a 50-day simple moving average of $7.87 and a 200-day simple moving average of $7.42. Mister Car Wash, Inc. has a 52 week low of $5.84 and a 52 week high of $8.60. The firm has a market capitalization of $2.56 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.65 and a beta of 1.60.
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.
See Also
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