Canada Pension Plan Investment Board Has $189,000 Stake in Clear Secure, Inc. (NYSE:YOU)

Canada Pension Plan Investment Board cut its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 94.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the company's stock after selling 117,600 shares during the period. Canada Pension Plan Investment Board's holdings in Clear Secure were worth $189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank acquired a new position in Clear Secure in the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. grew its stake in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after buying an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in shares of Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after buying an additional 2,276 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on YOU shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Finally, Stifel Nicolaus reduced their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Clear Secure has an average rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Stock Performance

YOU traded down $0.08 during trading on Thursday, reaching $24.61. 494,031 shares of the company's stock were exchanged, compared to its average volume of 2,000,997. The company's fifty day moving average price is $25.52 and its 200-day moving average price is $26.97. The firm has a market capitalization of $3.37 billion, a PE ratio of 28.57 and a beta of 1.25. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.03%. Clear Secure's dividend payout ratio is presently 32.47%.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.