Copeland Capital Management LLC Raises Stock Holdings in CLEAR Secure, Inc. (NYSE:YOU)

Copeland Capital Management LLC grew its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 71.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,976,459 shares of the company's stock after acquiring an additional 823,166 shares during the period. Copeland Capital Management LLC owned about 1.44% of CLEAR Secure worth $51,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in CLEAR Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. bought a new position in shares of CLEAR Secure during the fourth quarter worth $1,695,000. William Blair Investment Management LLC purchased a new position in CLEAR Secure during the fourth quarter valued at $37,697,000. Cerity Partners LLC increased its holdings in CLEAR Secure by 1,557.5% in the 4th quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock valued at $9,211,000 after acquiring an additional 324,314 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in CLEAR Secure by 65.0% in the 4th quarter. Victory Capital Management Inc. now owns 738,393 shares of the company's stock worth $19,671,000 after purchasing an additional 290,749 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CLEAR Secure

In related news, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director owned 64,935 shares of the company's stock, valued at $1,624,673.70. This represents a 82.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 957,964 shares of company stock worth $24,155,799 over the last 90 days. Company insiders own 39.73% of the company's stock.

CLEAR Secure Price Performance

Shares of NYSE:YOU traded up $0.28 during trading on Tuesday, hitting $28.04. The company had a trading volume of 2,396,025 shares, compared to its average volume of 2,048,015. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 17.53 and a beta of 1.22. The company has a fifty day simple moving average of $25.31 and a two-hundred day simple moving average of $25.31. CLEAR Secure, Inc. has a one year low of $18.23 and a one year high of $38.88.

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 business had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. CLEAR Secure's revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts anticipate that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a $0.125 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.78%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and set a $32.00 price target on shares of CLEAR Secure in a research note on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of CLEAR Secure in a research report on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $32.00.

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.