Versor Investments LP Has $425,000 Stake in Mister Car Wash, Inc. (NYSE:MCW)

Versor Investments LP raised its stake in Mister Car Wash, Inc. (NYSE:MCW) by 95.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,700 shares of the company’s stock after acquiring an additional 29,100 shares during the period. Versor Investments LP’s holdings in Mister Car Wash were worth $425,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MCW. Brown Brothers Harriman & Co. boosted its stake in shares of Mister Car Wash by 34.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,067,787 shares of the company’s stock valued at $9,226,000 after purchasing an additional 274,766 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in Mister Car Wash during the 1st quarter valued at about $2,003,000. Vanguard Group Inc. boosted its position in Mister Car Wash by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 10,082,581 shares of the company’s stock valued at $87,114,000 after buying an additional 315,679 shares in the last quarter. Rip Road Capital Partners LP bought a new stake in Mister Car Wash during the fourth quarter worth about $4,798,000. Finally, Armistice Capital LLC acquired a new stake in shares of Mister Car Wash during the fourth quarter worth approximately $558,000.

Insider Activity at Mister Car Wash

In other Mister Car Wash news, CFO Jedidiah Marc Gold sold 4,079 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $28,267.47. Following the transaction, the chief financial officer now owns 44,854 shares of the company’s stock, valued at approximately $310,838.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO John Lo-Minn Lai sold 33,904 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $234,954.72. Following the transaction, the chief executive officer now owns 5,050,517 shares in the company, valued at $35,000,082.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jedidiah Marc Gold sold 4,079 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total value of $28,267.47. Following the sale, the chief financial officer now directly owns 44,854 shares of the company’s stock, valued at $310,838.22. The disclosure for this sale can be found here. Insiders sold a total of 42,698 shares of company stock valued at $296,860 over the last quarter. Corporate insiders own 70.00% of the company’s stock.

Mister Car Wash Trading Down 1.4 %

MCW opened at $6.20 on Thursday. Mister Car Wash, Inc. has a 1-year low of $4.80 and a 1-year high of $9.45. The firm has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $7.16. The stock has a market capitalization of $1.98 billion, a PE ratio of 26.96, a PEG ratio of 1.99 and a beta of 1.67. The company has a current ratio of 0.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.98.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price on Mister Car Wash from $5.00 to $6.00 and gave the stock a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.36.

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.