According to the most recent filing that the company has made with the SEC, Oppenheimer Asset Management INC sold off a portion of its holdings in Mister Car Wash, INC (NYSE: MCW) during the third quarter.
This represents a 13.6% reduction in the company’s total holdings. Following the completion of those transactions, the corporation now owns 80,444 of those shares, having previously sold 12,693 of those shares.
According to the most recent report Oppenheimer Asset Management INC submitted to the SEC, it had an investment in Mister Car Wash valued at $690.000 at the time.
Over the most recent few months, hedge funds and other institutional investors have been engaged in several transactions involving the purchase and sale of MCW shares.
During the period covered by this report, Brown Advisory INC increased its holdings in Mister Car Wash, bringing the total value of those holdings to $56,988,000.
The amount of Mister Car Wash stock that Credit Suisse AG owned as of the end of the third quarter was 5.8% higher than at the beginning of the quarter. Credit Suisse AG now has 55,066 shares in the company, worth a combined total of $472,000 after purchasing an additional 3,030 shares during the most recent fiscal quarter.
ExodusPoint Capital Management LP increased the total number of Mister Car Wash shares it owned by almost 800 during the third quarter by purchasing additional company shares for approximately $390,00.
During the third quarter of the fiscal year, Amalgamated Bank completed a 157.6% increase in the amount of Mister Car Wash that it owned.
Amalgamated Bank now has 42,626 shares of the company’s stock, currently valued at $366,000, following the acquisition of an additional 26,076 shares during the most recent period.
And finally, during the third quarter, Aigen Investment Management LP saw an increase in the size of its holdings in Mister Car Wash, which was 326.8 percent higher than it was during the previous quarter.
Aigen Investment Management LP currently possesses 79,717 shares with a combined value of $600,000. Compared to the total number of shares it held at the end of the reporting period immediately before this one, this represents an increase of 61,040 shares.
NYSE: MCW shares were introduced to the market on Thursday at $9.05.
The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.63, an earnings growth price-to-earnings ratio of 2.09, and a beta value of 1.03.
All of these metrics contribute to the company’s beta value.
The company’s moving average for both its 50-day and 200-day time periods is currently $9.69 as of right now.
Mister Car Wash, INC hit its all-time low of $7.80 during the 52 weeks, while the company reached its all-time high of $16.74 during the same period.
A debt-to-equity ratio of 1.15, a quick ratio of 0.73, and a current ratio of 0.79 are appropriate numbers.
According to related news, Mayra Idali Chimienti, Chief Operating Officer of Mister Car Wash, sold 20,000 shares of the company’s equity on December 7.
This information was obtained from publicly available sources.
The transaction cost came to a total of $190,800.00 because each share was purchased at an average price of $9.54 per share during the sale.
Because of the transaction, the chief operating officer now owns approximately 281,540 company shares, valued at about $2,685,891.60.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC. Company insiders are the owners of 71.90 percent of the company’s shares of stock.
A note of research released by UBS Group on November 16 stated that the company had decreased its target price for Mister Car Wash shares to $11.00.
This is consistent with the previous point.
The stock has received a recommendation of five holds, one buy rating, one sell rating, and four holds from investment analysts, with the consensus rating being five holds.
According to information from Bloomberg, the stock has been given an average rating of “Hold,” Analysts have determined that a price target of $11.50 is appropriate.
The conveyorized vehicle washing services offered in the United States are provided by Mister Car Wash, INC and its subsidiary companies.
The company known as Mister Car Wash, INC provides these services. On the same day, it offers cleaning services for both the interior and exterior of the building.
It is projected that by June 16 and June 16, 2022, 407 car wash locations will be spread across 21 states.
The company officially changed from Hotshine Holdings, INC to Mister Car Wash, INC in March 2021.