New York State Common Retirement Fund Reduces Position in Mister Car Wash, Inc. $MCW

New York State Common Retirement Fund lessened its holdings in shares of Mister Car Wash, Inc. (NYSE:MCW) by 83.7% in the third quarter, Holdings Channel.com reports. The firm owned 25,546 shares of the company’s stock after selling 131,193 shares during the period. New York State Common Retirement Fund’s holdings in Mister Car Wash were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Mister Car Wash by 8.5% in the 1st quarter. Royal Bank of Canada now owns 1,106,521 shares of the company’s stock worth $8,730,000 after buying an additional 86,274 shares during the period. AQR Capital Management LLC lifted its position in shares of Mister Car Wash by 20.7% during the first quarter. AQR Capital Management LLC now owns 129,352 shares of the company’s stock worth $1,012,000 after acquiring an additional 22,152 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Mister Car Wash by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,310 shares of the company’s stock worth $444,000 after acquiring an additional 2,519 shares during the period. Millennium Management LLC grew its position in shares of Mister Car Wash by 72.9% in the first quarter. Millennium Management LLC now owns 1,540,524 shares of the company’s stock valued at $12,155,000 after purchasing an additional 649,448 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Mister Car Wash by 191.7% in the first quarter. Jane Street Group LLC now owns 37,482 shares of the company’s stock valued at $296,000 after purchasing an additional 24,633 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MCW shares. Morgan Stanley dropped their price objective on Mister Car Wash from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Stephens increased their price target on shares of Mister Car Wash from $6.25 to $7.50 and gave the stock an “overweight” rating in a report on Wednesday. Mizuho set a $8.00 price objective on shares of Mister Car Wash in a research note on Thursday, October 30th. Piper Sandler lowered shares of Mister Car Wash from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $6.00 in a report on Friday, October 24th. Finally, Wells Fargo & Company lowered their target price on shares of Mister Car Wash from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Mister Car Wash has a consensus rating of “Hold” and a consensus target price of $7.25.

Mister Car Wash Stock Down 2.3%

Shares of NYSE MCW opened at $5.89 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average of $5.75 and a 200-day moving average of $5.52. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.65 and a beta of 1.46. Mister Car Wash, Inc. has a 12 month low of $4.61 and a 12 month high of $8.60.

Mister Car Wash Profile

Mister Car Wash, traded on the NYSE under the ticker MCW, is a leading provider of vehicle cleaning services in the United States. The company specializes in a tiered range of wash offerings, including express exterior washes, full-service interior and exterior cleaning, and premium detailing services. In addition to one-time washes, Mister Car Wash markets unlimited monthly membership plans that grant customers access to recurring washes at participating locations.

Founded in 1969 and headquartered in Houston, Texas, Mister Car Wash has grown from a single facility to one of the largest car wash chains in the country.