UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 15,528 Shares of Mister Car Wash, Inc. (NYSE:MCW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,715 shares of the company’s stock after selling 15,528 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mister Car Wash were worth $1,208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FIL Ltd grew its stake in shares of Mister Car Wash by 2.4% in the fourth quarter. FIL Ltd now owns 9,915,100 shares of the company’s stock worth $72,281,000 after acquiring an additional 230,100 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Mister Car Wash by 25.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 4,544,116 shares of the company’s stock valued at $33,127,000 after purchasing an additional 912,944 shares during the period. Dimensional Fund Advisors LP grew its position in Mister Car Wash by 43.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,140,854 shares of the company’s stock worth $22,895,000 after purchasing an additional 958,479 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Mister Car Wash by 5.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,639,121 shares of the company’s stock worth $19,239,000 after purchasing an additional 127,791 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Mister Car Wash by 103.5% during the 4th quarter. Marshall Wace LLP now owns 2,152,718 shares of the company’s stock worth $15,693,000 after purchasing an additional 1,094,751 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on MCW. UBS Group reduced their target price on shares of Mister Car Wash from $8.50 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Stephens reduced their price objective on Mister Car Wash from $9.00 to $8.50 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Morgan Stanley lifted their price objective on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Raymond James assumed coverage on Mister Car Wash in a research note on Thursday, March 13th. They issued an “outperform” rating and a $10.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on Mister Car Wash in a research report on Tuesday, June 3rd. They issued a “sell” rating and a $6.25 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Mister Car Wash has an average rating of “Hold” and an average target price of $8.50.

Mister Car Wash Stock Up 1.4%

Shares of NYSE:MCW opened at $6.66 on Tuesday. 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 stock has a market cap of $2.16 billion, a price-to-earnings ratio of 30.27, a P/E/G ratio of 1.65 and a beta of 1.56. The company has a 50 day moving average of $7.20 and a 200-day moving average of $7.52. Mister Car Wash, Inc. has a one year low of $5.84 and a one year high of $8.60.

Mister Car Wash (NYSE:MCW) last released its earnings results on Wednesday, May 7th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mister Car Wash had a net margin of 7.06% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. On average, sell-side analysts forecast that Mister Car Wash, Inc. will post 0.33 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jedidiah Marc Gold sold 9,187 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $6.69, for a total value of $61,461.03. Following the completion of the sale, the chief financial officer now owns 66,994 shares in the company, valued at $448,189.86. This represents a 12.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jodi Taylor sold 5,205 shares of Mister Car Wash stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $7.06, for a total value of $36,747.30. Following the transaction, the director now owns 36,932 shares in the company, valued at approximately $260,739.92. This represents a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,560 shares of company stock valued at $1,576,563 over the last three months. Company insiders own 69.00% of the company’s stock.

Mister Car Wash Company 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.