Blueshift Asset Management LLC Sells 131,244 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Blueshift Asset Management LLC cut its stake in Mister Car Wash, Inc. (NYSE:MCW) by 83.9% in the fourth quarter, Holdings Channel reports. The firm owned 25,247 shares of the company’s stock after selling 131,244 shares during the period. Blueshift Asset Management LLC’s holdings in Mister Car Wash were worth $184,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MCW. Victory Capital Management Inc. boosted its stake in Mister Car Wash by 19.5% in the 3rd quarter. Victory Capital Management Inc. now owns 63,576 shares of the company’s stock worth $414,000 after purchasing an additional 10,377 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Mister Car Wash in the 3rd quarter worth approximately $786,000. Landscape Capital Management L.L.C. boosted its stake in Mister Car Wash by 337.1% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 102,327 shares of the company’s stock worth $666,000 after purchasing an additional 78,919 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Mister Car Wash by 595.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 156,046 shares of the company’s stock worth $1,016,000 after buying an additional 133,605 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Mister Car Wash by 41.1% during the 3rd 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 last quarter.

Analyst Upgrades and Downgrades

MCW has been the subject of a number of recent research reports. UBS Group raised their price target 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. Morgan Stanley raised their price target 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. Wells Fargo & Company reduced their price target 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. Raymond James initiated coverage on shares of Mister Car Wash in a research report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target for the company. Finally, Stephens assumed coverage on shares of Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.43.

Mister Car Wash Price Performance

NYSE:MCW opened at $8.10 on Friday. 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 $2.62 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.60. The company has a 50 day moving average price of $7.75 and a 200-day moving average price of $7.34. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.56.

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 42,278 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $8.50, for a total value of $359,363.00. Following the completion of the sale, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $381,259. The trade was a 48.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Duane Matheny sold 6,410 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the completion of the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $650,460.06. The trade was a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 307,324 shares of company stock valued at $2,543,804. 70.00% of the stock is owned by corporate insiders.

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.