Man Group plc Invests $1.04 Million in Clear Secure, Inc. (NYSE:YOU)

Man Group plc purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,026 shares of the company's stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Clear Secure by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,954 shares of the company's stock valued at $1,331,000 after acquiring an additional 1,954 shares during the period. Lazard Asset Management LLC raised its stake in shares of Clear Secure by 39.8% during the fourth quarter. Lazard Asset Management LLC now owns 161,891 shares of the company's stock valued at $4,312,000 after purchasing an additional 46,094 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Clear Secure by 100.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 21,442 shares of the company's stock valued at $571,000 after purchasing an additional 10,742 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Clear Secure during the fourth quarter valued at about $784,000. Finally, Cetera Investment Advisers raised its stake in shares of Clear Secure by 37.8% during the fourth quarter. Cetera Investment Advisers now owns 11,837 shares of the company's stock valued at $315,000 after purchasing an additional 3,245 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Up 2.1%

Clear Secure stock traded up $0.51 during midday trading on Tuesday, hitting $24.49. The company's stock had a trading volume of 1,601,360 shares, compared to its average volume of 2,029,051. The stock's 50-day moving average price is $25.56 and its 200-day moving average price is $25.50. Clear Secure, Inc. has a 12 month low of $16.53 and a 12 month high of $38.88. The company has a market capitalization of $3.35 billion, a PE ratio of 28.48 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last issued its quarterly 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 return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. During the same quarter last year, the firm posted $0.28 earnings per share. Clear Secure's revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, June 10th. Clear Secure's dividend payout ratio (DPR) is presently 31.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective 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. Telsey Advisory Group restated an "outperform" rating and set a $32.00 price objective on shares of Clear Secure in a research note on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.00.

Insiders Place Their Bets

In other Clear Secure news, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction dated 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 sale, the director now owns 64,935 shares in the company, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 957,964 shares of company stock worth $24,155,799. Company insiders own 39.73% of the company's stock.

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.