Mister Car Wash, Inc. (NYSE:MCW) Stake Decreased by EntryPoint Capital LLC

EntryPoint Capital LLC trimmed its holdings in Mister Car Wash, Inc. (NYSE:MCW) by 38.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,383 shares of the company’s stock after selling 7,109 shares during the quarter. EntryPoint Capital LLC’s holdings in Mister Car Wash were worth $83,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in shares of Mister Car Wash by 6,003.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,631,172 shares of the company’s stock worth $23,639,000 after purchasing an additional 3,571,675 shares in the last quarter. MetLife Investment Management LLC grew its position in Mister Car Wash by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 55,043 shares of the company’s stock valued at $358,000 after buying an additional 31,014 shares in the last quarter. Walleye Capital LLC increased its stake in Mister Car Wash by 13.9% during the 3rd quarter. Walleye Capital LLC now owns 152,252 shares of the company’s stock valued at $991,000 after buying an additional 18,560 shares during the period. Verition Fund Management LLC raised its position in shares of Mister Car Wash by 200.9% during the 3rd quarter. Verition Fund Management LLC now owns 514,467 shares of the company’s stock worth $3,349,000 after buying an additional 343,512 shares in the last quarter. Finally, Paloma Partners Management Co lifted its stake in shares of Mister Car Wash by 217.3% in the 3rd quarter. Paloma Partners Management Co now owns 36,748 shares of the company’s stock worth $239,000 after acquiring an additional 25,168 shares during the period.

Mister Car Wash Trading Down 3.3 %

Shares of MCW opened at $7.91 on Monday. The business’s 50-day moving average price is $7.87 and its 200 day moving average price is $7.42. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The stock has a market capitalization 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. Mister Car Wash, Inc. has a 1-year low of $5.84 and a 1-year high of $8.60.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO John Lo-Minn Lai sold 22,039 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 4,479,420 shares of the company’s stock, valued at approximately $37,806,304.80. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $51,344.10. Following the sale, the insider now owns 81,206 shares of the company’s stock, valued at $650,460.06. The trade was a 7.32 % 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 worth $2,995,270 over the last ninety days. 70.00% of the stock is currently owned by company insiders.

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.