33,379 Shares in CLEAR Secure, Inc. (NYSE:YOU) Acquired by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has invested approximately $865,000 in CLEAR Secure, acquiring 33,379 shares in the first quarter, as revealed in their recent 13F filing.
• CLEAR Secure reported earnings per share of $0.26 for the latest quarter, surpassing analysts' expectations and demonstrating a 17.6% year-over-year revenue increase.
• The company has announced a quarterly dividend of $0.125 per share, which will yield an annual rate of 1.6% and reflects a payout ratio of 31.25%.

Mackenzie Financial Corp purchased a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,379 shares of the company's stock, valued at approximately $865,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted 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. Wellington Management Group LLP increased its position in CLEAR Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after acquiring an additional 1,422,999 shares during the period. Geode Capital Management LLC raised its stake in CLEAR Secure by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company's stock valued at $64,832,000 after purchasing an additional 86,311 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in CLEAR Secure by 71.4% in the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock valued at $51,210,000 after purchasing an additional 823,166 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in CLEAR Secure by 26.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,208,160 shares of the company's stock valued at $32,187,000 after purchasing an additional 252,555 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on YOU. Wells Fargo & Company boosted their price target on CLEAR Secure from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Wednesday. Telsey Advisory Group raised their target price on CLEAR Secure from $32.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on CLEAR Secure from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus raised their target price 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. Finally, Wall Street Zen cut CLEAR Secure from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, CLEAR Secure presently has an average rating of "Hold" and a consensus price target of $33.00.

CLEAR Secure Trading Up 2.0%

Shares of NYSE:YOU traded up $0.63 during trading on Wednesday, reaching $32.47. 1,919,278 shares of the stock were exchanged, compared to its average volume of 1,694,116. CLEAR Secure, Inc. has a 12 month low of $21.67 and a 12 month high of $38.88. The stock has a 50-day moving average price of $27.64 and a 200-day moving average price of $25.83. The firm has a market cap of $4.32 billion, a PE ratio of 20.29 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $219.47 million during the quarter, compared to analysts' expectations of $214.90 million. CLEAR Secure had a return on equity of 122.69% and a net margin of 21.17%. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. On average, sell-side analysts expect 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. Stockholders of record on Wednesday, September 10th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. CLEAR Secure's dividend payout ratio is presently 31.25%.

Insider Buying and Selling at CLEAR Secure

In related news, Director Adam Wiener sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the transaction, the director directly owned 207,634 shares of the company's stock, valued at approximately $6,229,020. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth L. Cornick sold 228,374 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total transaction of $5,832,671.96. Following the sale, the director directly owned 149,093 shares in the company, valued at $3,807,835.22. This trade represents a 60.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 965,964 shares of company stock valued at $24,388,299. Company insiders own 39.73% of the company's stock.

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.