New York State Teachers Retirement System Has $1.77 Million Stock Holdings in CLEAR Secure, Inc. (NYSE:YOU)

New York State Teachers Retirement System boosted its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 42.9% during the 1st quarter, according to the company in its most recent disclosure with the 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.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new position in shares of CLEAR Secure in the first quarter valued at approximately $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 purchasing an additional 764 shares during the period. Huntington National Bank bought a new position in shares of CLEAR Secure in the fourth quarter valued at approximately $35,000. Strategic Investment Solutions Inc. IL raised its position 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 valued at $61,000 after purchasing an additional 2,276 shares during the period. Finally, Harbour Investments Inc. raised its position 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 valued at $64,000 after purchasing an additional 450 shares during the period. Institutional investors own 73.80% of the company's stock.

Insiders Place Their Bets

In other CLEAR Secure news, Director Adam Wiener sold 3,000 shares of CLEAR Secure stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $27.50, for a total transaction of $82,500.00. Following the sale, the director owned 212,634 shares in the company, valued at $5,847,435. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth L. Cornick sold 228,374 shares of CLEAR Secure stock in a transaction 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 owned 149,093 shares in the company, valued at $3,807,835.22. This represents a 60.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 960,964 shares of company stock worth $24,238,299 in the last quarter. Corporate insiders own 39.73% of the company's stock.

CLEAR Secure Price Performance

YOU stock traded up $0.46 on Thursday, reaching $28.99. 457,158 shares of the company were exchanged, compared to its average volume of 2,055,981. CLEAR Secure, Inc. has a 12 month low of $18.23 and a 12 month high of $38.88. The stock's fifty day moving average price is $25.77 and its 200 day moving average price is $25.44. The firm has a market capitalization of $3.86 billion, a PE ratio of 18.11 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The business had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm's quarterly revenue was up 18.1% on a year-over-year basis. As a group, research analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.73%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Analysts Set New Price Targets

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

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.