Janney Montgomery Scott LLC Has $30.73 Million Holdings in CLEAR Secure, Inc. (NYSE:YOU)

Janney Montgomery Scott LLC trimmed its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,186,004 shares of the company's stock after selling 12,780 shares during the period. Janney Montgomery Scott LLC owned about 0.87% of CLEAR Secure worth $30,729,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Harbor Investment Advisory LLC acquired a new position in CLEAR Secure in the 1st quarter worth approximately $27,000. Fifth Third Bancorp lifted its holdings in shares of CLEAR Secure by 217.0% in the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company's stock valued at $29,000 after purchasing an additional 764 shares in the last quarter. Huntington National Bank purchased a new stake in shares of CLEAR Secure in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. boosted its position in shares of CLEAR Secure by 56.1% in 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 period. Finally, Strategic Investment Solutions Inc. IL grew 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 valued at $61,000 after buying an additional 2,276 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CLEAR Secure news, Director Kenneth L. Cornick sold 315,591 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total transaction of $7,896,086.82. Following the transaction, the director now owns 64,935 shares of the company's stock, valued at approximately $1,624,673.70. This represents a 82.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 957,964 shares of company stock worth $24,155,799 in the last 90 days. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Trading Up 2.4%

YOU stock traded up $0.59 during trading on Friday, hitting $25.21. The company had a trading volume of 3,089,270 shares, compared to its average volume of 2,034,499. The company has a fifty day moving average price of $25.25 and a two-hundred day moving average price of $25.33. The company has a market cap of $3.35 billion, a P/E ratio of 15.76 and a beta of 1.22. CLEAR Secure, Inc. has a fifty-two week low of $18.23 and a fifty-two week high of $38.88.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.26 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 firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts expect that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure's dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus decreased their price objective on CLEAR Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of CLEAR Secure in a research report on Monday, March 24th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $32.00 price objective on shares of CLEAR Secure in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, CLEAR Secure currently has an average rating of "Moderate Buy" and an average target price of $32.00.

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.