Handelsbanken Fonder AB Invests $210,000 in Mister Car Wash, Inc. (NYSE:MCW)

Handelsbanken Fonder AB purchased a new stake in shares of Mister Car Wash, Inc. (NYSE:MCW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,300 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also made changes to their positions in MCW. Brown Advisory Inc. lifted its holdings in Mister Car Wash by 2.8% in the third quarter. Brown Advisory Inc. now owns 11,829,233 shares of the company’s stock worth $65,179,000 after acquiring an additional 318,921 shares during the last quarter. Gotham Asset Management LLC grew its stake in Mister Car Wash by 591.9% during the 3rd quarter. Gotham Asset Management LLC now owns 274,614 shares of the company’s stock worth $1,513,000 after buying an additional 234,927 shares during the last quarter. Jump Financial LLC acquired a new stake in Mister Car Wash in the third quarter worth $755,000. Landscape Capital Management L.L.C. lifted its stake in Mister Car Wash by 116.7% in the third quarter. Landscape Capital Management L.L.C. now owns 250,434 shares of the company’s stock valued at $1,380,000 after buying an additional 134,846 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Mister Car Wash by 542.9% during the third quarter. GSA Capital Partners LLP now owns 130,991 shares of the company’s stock valued at $722,000 after acquiring an additional 110,616 shares during the period.

Insider Activity

In related news, insider Joseph Duane Matheny sold 37,152 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $8.93, for a total transaction of $331,767.36. Following the completion of the sale, the insider now directly owns 75,515 shares of the company’s stock, valued at $674,348.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Joseph Duane Matheny sold 37,152 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $8.93, for a total transaction of $331,767.36. Following the sale, the insider now directly owns 75,515 shares of the company’s stock, valued at $674,348.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jedidiah Marc Gold sold 4,857 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $7.69, for a total value of $37,350.33. Following the sale, the chief financial officer now directly owns 33,933 shares of the company’s stock, valued at $260,944.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,161 shares of company stock worth $824,667. Corporate insiders own 70.00% of the company’s stock.

Mister Car Wash Stock Performance

MCW opened at $7.32 on Friday. The business has a 50 day moving average price of $7.29 and a two-hundred day moving average price of $7.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.36 and a quick ratio of 0.31. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.20 and a beta of 1.66. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $10.07.

Mister Car Wash (NYSE:MCW) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $230.14 million during the quarter, compared to analyst estimates of $230.89 million. Mister Car Wash had a net margin of 8.04% and a return on equity of 9.48%. Research analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on MCW shares. Robert W. Baird lifted their price objective on shares of Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 price target on the stock in a report on Friday. Mizuho started coverage on Mister Car Wash in a research report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Mister Car Wash currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.56.

Mister Car Wash Profile

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.