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The Texas Permanent School Fund has acquired new stock in Mister Car Wash, Inc. (NYSE:MCW)

The Texas Permanent School Fund has acquired new stock in Mister Car Wash, Inc. (NYSE:MCW)

According to the most recent 13F filing that Mister Car Wash, Inc. made with the SEC, during the third quarter of 2018, Texas Permanent School Fund increased its holdings in the company. MCW is listed as a trading company (NYSE). The investment fund purchased a total of 21,834 shares of the company’s stock at approximately $187,500.

A number of the company’s other institutional investors have made changes in the past few years to the proportion of the company’s stock they own. Point72 Hong Kong Ltd. paid close to $30,000 for a single share to establish a new position at Mister Car Wash during the second quarter of the fiscal year. The ownership stake in Mister Car Wash that Whittier Trust Co. of Nevada Inc. holds was raised by 119.8 percent during the company’s third fiscal quarter. The Whittier Trust Co. of Nevada Inc. has acquired an additional 2,092 shares of the company’s stock, bringing the total number of shares it owns to 3,838. The value of these shares as of right now is $33,000. MetLife Investment Management LLC incurred approximately $63,000 to establish a new position in Mister Car Wash during the year’s first three months. During the second quarter, Whittier Trust Company purchased a new share in Mister Car Wash for a total cost of approximately $86,000 to invest in the company. Last but not least, during the first three months of 2018, Quantbot Technologies LP invested $87,000 in Mister Car Wash. This certainly should not be considered the least important development.

The Chief Operating Officer of the company, Mayra Idali Chimienti, sold 20,000 shares of the company’s equity on December 7, according to other news stories related to this topic. One hundred and ninety-eight hundred dollars’ worth of shares of the company’s stock was sold for $9.54 per share. As a consequence of the transaction, the chief operating officer now owns approximately 281 540 company shares, which have a value of approximately $2,685,891.60. The COO acquired these shares. After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail. The company’s executives and other key employees collectively hold a 71.90 percent stake in the business.

On Tuesday, shares of NYSE: MCW began trading for $10.44 per share. The company currently has a simple moving average of $9.66 for the past 50 days, and its simple moving average for the past 200 days is $10.1. The price-to-earnings ratio for the company is 26.10; the price-to-earnings-growth ratio is 2.20; and the beta value for the company is 0.94. These three ratios measure how closely a stock’s price tracks its earnings over time. The company’s total value, as represented by its market capitalization, is $3.18 billion. A debt-to-equity ratio comes in at 1.15, a current ratio comes in at 0.79, and a quick ratio comes in at 0.73. In the past year, the price of shares of Mister Car Wash, Inc. ranged from a high of $17.75 to a low of the same price.

On November 10, shareholders of Mister Car Wash (NYSE: MCW) were given access to the company’s most recent quarterly earnings report. The consensus forecast for quarterly profits per share was also $0.08; consequently, the company’s earnings of $0.08 were comparable to that forecast. The sales for the company for the quarter came in at $217.58 million, which is significantly higher than the analysts’ predictions, which were $215.68 million for the company’s sales. In their financial statements, Mister Car Wash indicated a net margin of 15.40% and a return on equity of 16.69%. According to forecasts provided by analysts specializing in the automotive aftermarket industry, Mister Car Wash, Inc. is anticipated to record earnings of 0.33 cents per share for the current financial year.

Recent analyst reports have concentrated on MCW and discussed various topics about the company. The UBS Group announced, in a research note that was published on November 16, that they would now set their target price for Mister Car Wash at $11.00. This news was shared with the public. Robert W. Baird began providing coverage of Mister Car Wash in the form of a research study on October 3, a Monday. They provided the stock with a ” neutral ” rating and concluded that a price target of $10.00 was appropriate for it. In a research report released on Friday, October 21, Stifel Nicolaus lowered their price target for Mister Car Wash from $17.00 to $10.00 and downgraded the stock from a “buy” rating to a “hold” rating. Both of these moves were made about the company’s stock. It was all about Mister Car Wash in the report. After doing so earlier in the week, MKM Partners began covering Mister Car Wash in a research report on Tuesday, October 4. They had previously done so on Monday, October 2. They gave the stock a ” neutral ” rating and concluded that a price target of $9.00 was appropriate for it. The stock of the company has been rated “hold” five times by analysts, “buy” once, “sell” once, and “hold” four times. At this time, the average rating for the company is “Hold,” and the consensus target price for the stock is currently $11.50. The statistics offered by Bloomberg were used to gather this information, which was then analyzed.

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 the interior and exterior of the building. It is projected that by June 16, 2022, 407 car wash locations will be spread across 21 states. The company officially changed its name from Hotshine Holdings, Inc. to Mister Car Wash, Inc. in March 2021. Previously, it had been known as Hotshine Holdings, Inc.


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