Man Group plc Acquires New Holdings in Clear Secure, Inc. (NYSE:YOU)

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

A number of other institutional investors have also modified their holdings of YOU. Huntington National Bank purchased a new position in shares of Clear Secure in the 4th quarter worth $35,000. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% in the 4th 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. Strategic Investment Solutions Inc. IL grew its stake in 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 worth $61,000 after buying an additional 2,276 shares during the period. Harbour Investments Inc. grew its stake in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after buying an additional 450 shares during the period. Finally, Natixis purchased a new stake in Clear Secure during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on YOU. Needham & Company LLC reiterated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Stifel Nicolaus lowered their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $32.00 target price on shares of Clear Secure in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Clear Secure presently has an average rating of "Moderate Buy" and an average price target of $32.00.

Clear Secure Stock Down 0.3%

NYSE YOU traded down $0.07 during trading hours on Wednesday, hitting $24.40. The company's stock had a trading volume of 658,942 shares, compared to its average volume of 2,152,981. The stock has a fifty day moving average of $25.51 and a 200 day moving average of $25.49. Clear Secure, Inc. has a twelve month low of $16.59 and a twelve month high of $38.88. The firm has a market capitalization of $3.34 billion, a P/E ratio of 28.37 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 48.28% and a net margin of 10.93%. 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 company earned $0.28 EPS. The firm's revenue was up 18.1% on a year-over-year basis. On average, analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.05%. Clear Secure's dividend payout ratio is 31.25%.

Insider Buying and Selling

In other news, Director Kenneth L. Cornick sold 315,591 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 957,964 shares of company stock valued at $24,155,799 over the last quarter. 39.73% of the stock is owned by company insiders.

Clear Secure Company 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.