Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (2024)

Posted by Defense World Staff on Oct 1st, 2024

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (1)Amalgamated Bank lowered its holdings in shares of Mister Car Wash, Inc. (NYSE:MCWFree Report) by 26.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,554 shares of the company’s stock after selling 9,854 shares during the quarter. Amalgamated Bank’s holdings in Mister Car Wash were worth $196,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MCW. Wasatch Advisors LP grew its position in shares of Mister Car Wash by 9.6% during the fourth quarter. Wasatch Advisors LP now owns 16,156,000 shares of the company’s stock worth $139,588,000 after purchasing an additional 1,409,892 shares in the last quarter. Rip Road Capital Partners LP purchased a new position in Mister Car Wash during the 4th quarter valued at approximately $4,798,000. Dimensional Fund Advisors LP grew its holdings in Mister Car Wash by 64.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,673 shares of the company’s stock valued at $9,752,000 after buying an additional 535,873 shares in the last quarter. Sea Cliff Partners Management LP purchased a new position in Mister Car Wash during the 4th quarter valued at approximately $4,218,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Mister Car Wash by 23.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,779,964 shares of the company’s stock valued at $12,673,000 after buying an additional 337,272 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price target on Mister Car Wash from $5.00 to $6.00 and gave the company a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mister Car Wash presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Check Out Our Latest Stock Report on Mister Car Wash

Mister Car Wash Stock Performance

NYSE MCW opened at $6.51 on Tuesday. The stock has a market capitalization of $2.08 billion, a PE ratio of 28.30, a P/E/G ratio of 2.04 and a beta of 1.64. The business has a 50 day simple moving average of $6.67 and a two-hundred day simple moving average of $6.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.28 and a quick ratio of 0.25. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $9.45.

Mister Car Wash (NYSE:MCWGet Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $255.04 million during the quarter, compared to analysts’ expectations of $256.65 million. Mister Car Wash had a return on equity of 9.90% and a net margin of 7.37%. On average, research analysts predict that Mister Car Wash, Inc. will post 0.27 EPS for the current fiscal year.

Mister Car Wash Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MCW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mister Car Wash, Inc. (NYSE:MCWFree Report).

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (2)

Receive News & Ratings for Mister Car Wash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mister Car Wash and related companies with MarketBeat.com's FREE daily email newsletter.

You might be interested in:

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (3)

Sanofi Shares Sold by B. Riley Wealth Advisors Inc.

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (4)

EP Wealth Advisors LLC Trims Position in W. P. Carey Inc.

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (5)

Mackenzie Financial Corp Lowers Stake in W. P. Carey Inc.

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (6)

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (7)

Wright Investors Service Inc. Has $2 Million Stock Position in BlackRock, Inc.

Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (8)

Red Spruce Capital LLC Has $976,000 Holdings in IDEXX Laboratories, Inc.


Amalgamated Bank Cuts Stake in Mister Car Wash, Inc. (NYSE:MCW) (2024)

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Domingo Moore

Last Updated:

Views: 5922

Rating: 4.2 / 5 (53 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Domingo Moore

Birthday: 1997-05-20

Address: 6485 Kohler Route, Antonioton, VT 77375-0299

Phone: +3213869077934

Job: Sales Analyst

Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio

Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.