Swiss National Bank Purchases 2,600 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Swiss National Bank grew its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,800 shares of the company’s stock after buying an additional 2,600 shares during the quarter. Swiss National Bank’s holdings in Mister Car Wash were worth $1,384,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Handelsbanken Fonder AB grew its stake in Mister Car Wash by 9.3% in the 4th quarter. Handelsbanken Fonder AB now owns 47,100 shares of the company’s stock valued at $343,000 after purchasing an additional 4,000 shares during the period. Blue Trust Inc. raised its position in shares of Mister Car Wash by 59.4% in the fourth quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after buying an additional 5,032 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in shares of Mister Car Wash by 13.3% in the 4th quarter. Arkadios Wealth Advisors now owns 48,640 shares of the company’s stock valued at $355,000 after acquiring an additional 5,702 shares in the last quarter. Victory Capital Management Inc. grew 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 buying an additional 10,377 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Mister Car Wash by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 699,713 shares of the company’s stock valued at $5,101,000 after acquiring an additional 12,174 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MCW shares. Wells Fargo & Company cut their price objective on shares of Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. UBS Group lifted their target price on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research note on Thursday, February 20th. Morgan Stanley raised their price objective on Mister Car Wash from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Stephens began coverage on Mister Car Wash in a research report on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective for the company. Finally, Raymond James began coverage on shares of Mister Car Wash in a report on Thursday, March 13th. They set an “outperform” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Mister Car Wash has a consensus rating of “Hold” and a consensus price target of $8.43.

Mister Car Wash Trading Down 3.3 %

Mister Car Wash stock opened at $7.91 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.53 and a debt-to-equity ratio of 0.92. Mister Car Wash, Inc. has a 52-week low of $5.84 and a 52-week high of $8.60. The company has a market cap of $2.56 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.65 and a beta of 1.60. The business has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $7.40.

Insider Activity

In other Mister Car Wash news, insider Joseph Duane Matheny sold 6,410 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $8.01, for a total transaction of $51,344.10. Following the sale, the insider now directly owns 81,206 shares of the company’s stock, valued at $650,460.06. This trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lo-Minn Lai sold 22,039 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $8.44, for a total value of $186,009.16. Following the completion of the transaction, the chief executive officer now owns 4,479,420 shares of the company’s stock, 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. Insiders sold a total of 360,313 shares of company stock valued at $2,995,270 in the last 90 days. Company insiders own 70.00% of the company’s stock.

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.