39,026 Shares in Clear Secure, Inc. (NYSE:YOU) Purchased by Man Group plc

Man Group plc bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 39,026 shares of the company's stock, valued at approximately $1,040,000.

A number of other institutional investors have also recently modified their holdings of YOU. Huntington National Bank acquired a new stake in Clear Secure in the 4th quarter worth about $35,000. SRS Capital Advisors Inc. boosted its holdings in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Clear Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares during the last quarter. Finally, Natixis acquired a new position in shares of Clear Secure during the 4th quarter worth approximately $73,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Stock Down 0.2%

NYSE YOU traded down $0.05 on Thursday, reaching $24.31. The stock had a trading volume of 181,367 shares, compared to its average volume of 2,020,707. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 28.27 and a beta of 1.25. Clear Secure, Inc. has a 12-month low of $16.59 and a 12-month high of $38.88. The stock has a fifty day moving average price of $25.49 and a two-hundred day moving average price of $25.49.

Clear Secure (NYSE:YOU - Get Free Report) last announced its 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 firm had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. Sell-side 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 Tuesday, June 17th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.06%. Clear Secure's payout ratio is currently 31.25%.

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 shares were sold at an average price of $25.02, for a total value of $7,896,086.82. Following the completion of the transaction, the director now owns 64,935 shares in the company, valued at $1,624,673.70. This represents a 82.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 957,964 shares of company stock worth $24,155,799. Corporate insiders own 39.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating and set a $32.00 target price on shares of Clear Secure in a report on Friday, May 9th. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Clear Secure has an average rating of "Moderate Buy" and a consensus price target 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.