Corton Capital Inc. Sells 10,948 Shares of Clear Secure, Inc. (NYSE:YOU)

Corton Capital Inc. decreased its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,650 shares of the company's stock after selling 10,948 shares during the quarter. Corton Capital Inc.'s holdings in Clear Secure were worth $204,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of Clear Secure by 37.8% in the 4th quarter. Cetera Investment Advisers now owns 11,837 shares of the company's stock valued at $315,000 after purchasing an additional 3,245 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Clear Secure in the 4th quarter valued at about $1,464,000. BNP Paribas Financial Markets acquired a new position in Clear Secure in the fourth quarter valued at $1,935,000. Freestone Grove Partners LP acquired a new position in Clear Secure in the fourth quarter valued at $299,000. Finally, Comerica Bank grew its position in Clear Secure by 8.8% during the fourth quarter. Comerica Bank now owns 42,060 shares of the company's stock valued at $1,120,000 after acquiring an additional 3,409 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on YOU. Telsey Advisory Group reiterated an "outperform" rating and issued a $32.00 price target on shares of Clear Secure in a research note on Friday. Stifel Nicolaus dropped their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure Price Performance

YOU stock traded up $0.53 on Tuesday, reaching $25.16. The company's stock had a trading volume of 983,506 shares, compared to its average volume of 2,004,207. Clear Secure, Inc. has a 52 week low of $16.48 and a 52 week high of $38.88. The company has a market capitalization of $3.44 billion, a P/E ratio of 29.26 and a beta of 1.25. The firm has a fifty day moving average of $25.73 and a two-hundred day moving average of $26.22.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The firm had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. As a group, equities analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Tuesday, June 10th. Clear Secure's dividend payout ratio is presently 31.25%.

Clear Secure Company Profile

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.