Wasatch Advisors, Inc. has recently announced that it has increased stake in Mister Car Wash Inc (NYSE:MCW) by 22.32%. After grabbing 14.75 million shares, the institutional investor is now in possession of 2.69 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.70% having worth around $107.35 million. Moreover, Fidelity Investments Canada ULC increased its share by 3.9 million to have a control over 12.5 million shares. And Brown Advisory LLC raised its holdings to 0.32 million shares by acquiring 11.83 million shares or 3.77% of the stake.
Mister Car Wash Inc (MCW) concluded trading on 01/04/24 at a closing price of $8.12, with 2.97 million shares of worth about $24.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.20% during that period and on Thursday the price saw a gain of about 1.37%. Currently the company’s common shares owned by public are about 306.63M shares, out of which, 90.75M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 2,531,440 shares in 23 of the transactions. In 23 selling transactions, insiders dumped 2,372,395 shares.
Fidelity Greater Canada Fund, iShares Core S&P Small Cap ETF, and Wasatch Core Growth Fund are the top 3 mutual funds which are holding stakes in Mister Car Wash Inc Fidelity Greater Canada Fund is currently holding 6.15 million shares of worth totaling $44.77 million. The company recently came buying 0.15 million shares which brought its stake up to 1.96% of the company’s outstanding shares. iShares Core S&P Small Cap ETF bought 3366.0 shares, after which its hold over company’s outstanding shares expand to 1.93%, leaving 6.07 million shares with the mutual fund that have a worth of about $44.17 million. Wasatch Core Growth Fund, after buying 3.94 million shares, have now control over 1.25% of the stake in the company. It holds 1.08 million shares of worth $28.69 million.
Mister Car Wash Inc (NYSE: MCW) started trading at $7.98, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 8.13, or with a gain of 1.37%. Stock saw a price change of -5.14% in past 5 days and over the past one month there was a price change of 2.92%. Year-to-date (YTD), MCW shares are showing a performance of -6.02% which decreased to -13.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.80 but also hit the highest price of $10.79 during that period. The average intraday trading volume for Mister Car Wash Inc shares is 1.63 million. The stock is currently trading -1.18% below its 20-day simple moving average (SMA20), while that difference is up 12.67% for SMA50 and it goes to 4.99% higher than SMA200.
Wasatch Advisors, Inc. acquired 14.75 million shares of Mister Car Wash Inc having value of about $107.35 million. Data submitted at the U.S SEC by Wasatch Advisors, Inc. revealed that the firm now holds 2.69 million shares in the company valued at close to $21845869.36, or have control over 22.32% stake in the company. Mister Car Wash Inc (NYSE: MCW) currently have 306.63M outstanding shares and institutions hold larger chunk of about 33.95% of that. Holding of mutual funds in the company is about 18.10% while other institutional holders and individual stake holders have control over 71.12% and 15.87% of the stake respectively.
The stock has a current market capitalization of $2.55B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 31.15, while it has posted earnings per share of $0.26 in the same period. Its PEG reads 5.19 and has Quick Ratio of 0.55 while making debt-to-equity ratio of 1.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MCW, volatility over the week remained 3.12% while standing at 3.28% over the month.
Analysts are in expectations that Mister Car Wash Inc (MCW) stock would likely to be making an EPS of $0.07 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $0.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.23% while it is estimated to increase by 16.01% in next year.
Analysts at 12 brokerage firms have issued recommendations for the Mister Car Wash Inc (MCW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.92. Out of those 12 Wall Street analysts, 7 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on October 13, 2023 offering an Outperform rating for the stock and assigned a target price of $10 to it.
