New York State Teachers Retirement System Purchases 20,472 Shares of CLEAR Secure, Inc. (NYSE:YOU)

New York State Teachers Retirement System lifted its holdings in CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 42.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,228 shares of the company's stock after acquiring an additional 20,472 shares during the quarter. New York State Teachers Retirement System's holdings in CLEAR Secure were worth $1,768,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in CLEAR Secure during the 1st quarter worth $27,000. Fifth Third Bancorp raised its position 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 buying an additional 764 shares in the last quarter. Huntington National Bank acquired a new position in CLEAR Secure during the fourth quarter valued at approximately $35,000. Strategic Investment Solutions Inc. IL grew its stake in shares of CLEAR Secure by 113,800.0% in the fourth 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. Finally, Harbour Investments Inc. grew its stake in shares of CLEAR Secure by 23.0% in the fourth 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. Institutional investors and hedge funds own 73.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on YOU shares. Telsey Advisory Group restated an "outperform" rating and issued a $32.00 target price on shares of CLEAR Secure in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price objective on shares of CLEAR Secure in a report on Monday, March 24th. Finally, Wall Street Zen upgraded shares of CLEAR Secure from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

CLEAR Secure Stock Performance

NYSE YOU traded down $0.70 during mid-day trading on Friday, reaching $28.39. 1,256,035 shares of the stock were exchanged, compared to its average volume of 2,073,687. The company has a market capitalization of $3.78 billion, a P/E ratio of 16.79 and a beta of 1.25. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The business's 50 day moving average is $25.93 and its 200-day moving average is $25.47.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. CLEAR Secure had a net margin of 21.96% and a return on equity of 115.09%. The company'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 business posted $0.28 EPS. Equities analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's dividend payout ratio (DPR) is 31.25%.

Insider Activity at CLEAR Secure

In related news, Director Adam Wiener sold 3,000 shares of CLEAR Secure stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total transaction of $82,500.00. Following the transaction, the director directly owned 212,634 shares of the company's stock, valued at $5,847,435. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth L. Cornick sold 228,374 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $25.54, for a total value of $5,832,671.96. Following the sale, the director owned 149,093 shares of the company's stock, valued at $3,807,835.22. The trade was a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 960,964 shares of company stock valued at $24,238,299 in the last ninety days. 39.73% of the stock is owned by corporate 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.