Jump Financial LLC Makes New $755,000 Investment in Mister Car Wash, Inc. (NYSE:MCW)

Jump Financial LLC purchased a new position in Mister Car Wash, Inc. (NYSE:MCWFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 137,094 shares of the company’s stock, valued at approximately $755,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MCW. Point72 Hong Kong Ltd acquired a new stake in Mister Car Wash during the second quarter worth about $30,000. Clear Street Markets LLC acquired a new stake in Mister Car Wash in the fourth quarter valued at $36,000. Ensign Peak Advisors Inc purchased a new position in Mister Car Wash in the third quarter valued at approximately $45,000. KBC Group NV purchased a new stake in Mister Car Wash in the second quarter valued at $46,000. Finally, UBS Group AG grew its stake in Mister Car Wash by 80.4% during the 1st quarter. UBS Group AG now owns 6,506 shares of the company’s stock worth $56,000 after buying an additional 2,900 shares during the last quarter.

Insider Buying and Selling at Mister Car Wash

In related news, insider Joseph Duane Matheny sold 11,319 shares of Mister Car Wash stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $8.07, for a total value of $91,344.33. Following the completion of the sale, the insider now owns 75,515 shares in the company, valued at $609,406.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 170,407 shares of company stock worth $1,448,297 in the last 90 days. 71.20% of the stock is owned by corporate insiders.

Mister Car Wash Stock Up 0.6 %

Shares of NYSE MCW opened at $8.81 on Thursday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 4.93 and a beta of 1.70. Mister Car Wash, Inc. has a 1 year low of $4.80 and a 1 year high of $10.15. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.55 and a current ratio of 0.60. The stock’s 50-day simple moving average is $8.36 and its 200-day simple moving average is $7.24.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MCW. Wells Fargo & Company began coverage on shares of Mister Car Wash in a report on Wednesday, January 10th. They issued an “overweight” rating and a $11.00 target price on the stock. The Goldman Sachs Group decreased their price objective on Mister Car Wash from $7.00 to $5.00 and set a “sell” rating on the stock in a report on Friday, October 20th. Finally, Robert W. Baird upgraded shares of Mister Car Wash from a “neutral” rating to an “outperform” rating and set a $10.00 price target on the stock in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.63.

Read Our Latest Research Report on MCW

About Mister Car Wash

(Free Report)

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 was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021. Mister Car Wash, Inc was founded in 1969 and is headquartered in Tucson, Arizona.

Further Reading

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Institutional Ownership by Quarter for Mister Car Wash (NYSE:MCW)

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