Versor Investments LP Sells 53,800 Shares of Mister Car Wash, Inc. (NYSE:MCW)

Versor Investments LP lessened its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 50.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,600 shares of the company’s stock after selling 53,800 shares during the period. Versor Investments LP’s holdings in Mister Car Wash were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MCW. Blue Trust Inc. grew its holdings in Mister Car Wash by 59.4% during the 4th quarter. Blue Trust Inc. now owns 13,510 shares of the company’s stock worth $98,000 after acquiring an additional 5,032 shares during the period. iSAM Funds UK Ltd grew its holdings in shares of Mister Car Wash by 102.2% during the third quarter. iSAM Funds UK Ltd now owns 25,103 shares of the company’s stock worth $163,000 after buying an additional 12,689 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Mister Car Wash in the third quarter valued at approximately $198,000. MQS Management LLC acquired a new stake in Mister Car Wash in the 3rd quarter valued at $212,000. Finally, Olympiad Research LP acquired a new stake in shares of Mister Car Wash in the fourth quarter valued at about $264,000.

Analysts Set New Price Targets

MCW has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Mister Car Wash from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th. Wells Fargo & Company dropped their target price on Mister Car Wash from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. UBS Group raised their price objective on shares of Mister Car Wash from $8.00 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Finally, Stephens initiated coverage on Mister Car Wash in a research note on Tuesday, January 14th. They set an “equal weight” rating and a $8.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.57.

Insider Activity

In other Mister Car Wash news, insider Joseph Duane Matheny sold 74,304 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $8.05, for a total value of $598,147.20. Following the transaction, the insider now directly owns 81,206 shares of the company’s stock, valued at approximately $653,708.30. This trade represents a 47.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 111,456 shares of company stock valued at $897,579 over the last ninety days. 70.00% of the stock is currently owned by corporate insiders.

Mister Car Wash Stock Performance

Shares of Mister Car Wash stock opened at $8.49 on Monday. 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 $2.75 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 1.65 and a beta of 1.63. Mister Car Wash, Inc. has a 1 year low of $5.84 and a 1 year high of $8.55. The firm’s 50-day moving average is $7.50 and its 200 day moving average is $7.19.

About Mister Car Wash

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.