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

Copeland Capital Management LLC grew its holdings in 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. The institutional investor owned 1,976,459 shares of the company's stock after purchasing 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of YOU. Arrowstreet Capital Limited Partnership increased its holdings in shares of CLEAR Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after purchasing an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of CLEAR Secure by 74.9% in the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after purchasing an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of CLEAR Secure in the 4th quarter worth $37,697,000. Ribbit Management Company LLC bought a new stake in shares of CLEAR Secure in the 4th quarter worth $14,598,000. Finally, Renaissance Technologies LLC increased its holdings in shares of CLEAR Secure by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock worth $98,519,000 after purchasing an additional 501,000 shares in the last quarter. Institutional investors own 73.80% of the company's stock.

Insider Activity

In other news, Director Kenneth L. Cornick sold 291,466 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $25.05, for a total value of $7,301,223.30. Following the transaction, the director now directly owns 64,935 shares in the company, valued at $1,626,621.75. The trade was a 81.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 957,964 shares of company stock worth $24,155,799 over the last ninety days. Corporate insiders own 39.73% of the company's stock.

Analyst Ratings Changes

YOU has been the subject of a number of research analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $32.00 target price on shares of CLEAR Secure in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of CLEAR Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

CLEAR Secure Stock Performance

NYSE:YOU opened at $27.61 on Friday. The stock has a 50-day simple moving average of $25.25 and a two-hundred day simple moving average of $25.33. CLEAR Secure, Inc. has a 52-week low of $18.23 and a 52-week high of $38.88. The firm has a market capitalization of $3.67 billion, a PE ratio of 17.26 and a beta of 1.22.

CLEAR Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The company had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same period in the prior year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 18.1% on a year-over-year basis. Equities analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.81%. CLEAR Secure's payout ratio is 31.25%.

CLEAR Secure 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.

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