Hodges Capital Management Inc. Trims Stake in CLEAR Secure, Inc. $YOU

Key Points

• Hodges Capital Management Inc. reduced its stake in CLEAR Secure by 65.5%, holding approximately 0.12% of the company, valued at $4.27 million as of the most recent report.
• Several institutional investors have increased their positions in CLEAR Secure, including Geneos Wealth Management which boosted its stake by 329.5%, reflecting a growing interest from hedge funds.
• CLEAR Secure reported a quarterly earnings beat with $0.26 earnings per share and announced a quarterly dividend of $0.125, indicating strong financial performance despite a year-over-year EPS decline.

Hodges Capital Management Inc. cut its stake in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 65.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,001 shares of the company's stock after selling 312,854 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.12% of CLEAR Secure worth $4,275,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Rhumbline Advisers increased its position in shares of CLEAR Secure by 1.8% during the first quarter. Rhumbline Advisers now owns 247,921 shares of the company's stock worth $6,424,000 after acquiring an additional 4,325 shares during the period. Strs Ohio purchased a new position in shares of CLEAR Secure during the first quarter worth approximately $363,000. Jacobi Capital Management LLC increased its position in shares of CLEAR Secure by 1.5% during the first quarter. Jacobi Capital Management LLC now owns 113,886 shares of the company's stock worth $2,951,000 after acquiring an additional 1,703 shares during the period. Geneos Wealth Management Inc. increased its position in shares of CLEAR Secure by 329.5% during the first quarter. Geneos Wealth Management Inc. now owns 975 shares of the company's stock worth $25,000 after acquiring an additional 748 shares during the period. Finally, Plato Investment Management Ltd increased its position in shares of CLEAR Secure by 18.2% during the first quarter. Plato Investment Management Ltd now owns 12,234 shares of the company's stock worth $320,000 after acquiring an additional 1,888 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on YOU. Zacks Research raised shares of CLEAR Secure from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Wall Street Zen raised shares of CLEAR Secure from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Stifel Nicolaus increased their price objective on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group increased their price objective on shares of CLEAR Secure from $33.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Telsey Advisory Group increased their price objective on shares of CLEAR Secure from $32.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Insider Buying and Selling at CLEAR Secure

In other CLEAR Secure news, President Michael Z. Barkin sold 16,050 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $35.22, for a total value of $565,281.00. Following the completion of the sale, the president directly owned 12,725 shares in the company, valued at $448,174.50. This trade represents a 55.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Dennis W. Liu sold 2,027 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $36.00, for a total transaction of $72,972.00. Following the completion of the sale, the chief accounting officer owned 11,896 shares of the company's stock, valued at approximately $428,256. This trade represents a 14.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,027 shares of company stock worth $2,043,243 over the last three months. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Stock Performance

NYSE YOU opened at $37.36 on Friday. The firm's 50 day moving average price is $32.44 and its 200-day moving average price is $27.91. CLEAR Secure, Inc. has a 52-week low of $21.67 and a 52-week high of $38.88. The company has a market cap of $4.97 billion, a PE ratio of 23.35 and a beta of 1.27.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $219.47 million during the quarter, compared to the consensus estimate of $214.90 million. CLEAR Secure had a net margin of 21.17% and a return on equity of 122.69%. CLEAR Secure's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. CLEAR Secure has set its Q3 2025 guidance at EPS. On average, analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, September 10th. CLEAR Secure's dividend payout ratio (DPR) 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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