Summit Creek Advisors LLC Sells 6,867 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Summit Creek Advisors LLC lessened its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 746,523 shares of the company’s stock after selling 6,867 shares during the quarter. Summit Creek Advisors LLC’s holdings in Mister Car Wash were worth $5,442,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 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 purchased a new stake in shares of Mister Car Wash during the fourth quarter valued at approximately $128,000. American Century Companies Inc. grew its holdings in shares of Mister Car Wash by 21.5% during the fourth quarter. American Century Companies Inc. now owns 162,747 shares of the company’s stock valued at $1,186,000 after buying an additional 28,829 shares during the last quarter. Swiss National Bank grew its holdings in shares of Mister Car Wash by 1.4% during the fourth quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,384,000 after buying an additional 2,600 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Mister Car Wash by 218,505.6% during the fourth quarter. AlphaQuest LLC now owns 155,210 shares of the company’s stock valued at $1,131,000 after buying an additional 155,139 shares during the last quarter.

Mister Car Wash Stock Down 0.9 %

MCW opened at $8.10 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.56. The company has a market capitalization of $2.62 billion, a PE ratio of 36.82, a PEG ratio of 1.65 and a beta of 1.60. The firm’s 50 day simple moving average is $7.75 and its two-hundred day simple moving average is $7.35.

Analyst Upgrades and Downgrades

MCW has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Stephens initiated coverage on shares of Mister Car Wash in a report on Tuesday, January 14th. They issued an “equal weight” rating and a $8.00 target price 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 initiated 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. Finally, UBS Group raised their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the stock a “neutral” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.43.

Insiders Place Their Bets

In other news, insider Joseph Duane Matheny sold 36,452 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $8.01, for a total transaction of $291,980.52. Following the sale, the insider now directly owns 84,895 shares in the company, valued at $680,008.95. This trade represents a 30.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lo-Minn Lai sold 22,039 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $8.44, for a total transaction of $186,009.16. Following the sale, the chief executive officer now owns 4,479,420 shares in the company, valued at $37,806,304.80. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 307,324 shares of company stock worth $2,543,804. Company 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.