Posted by Defense World Staff on Oct 1st, 2024
Amalgamated Bank lowered its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW – Free 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:MCW – Get 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
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.
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