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

New York State Teachers Retirement System grew its position in shares of CLEAR Secure, Inc. (NYSE:YOU - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,228 shares of the company's stock after purchasing an additional 20,472 shares during the period. 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 hedge funds have also recently added to or reduced their stakes in YOU. Arrowstreet Capital Limited Partnership increased its holdings in shares of CLEAR Secure by 112.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after buying an additional 1,463,748 shares during the period. Wellington Management Group LLP increased its holdings in shares of CLEAR Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after buying an additional 1,422,999 shares during the period. William Blair Investment Management LLC purchased a new position in shares of CLEAR Secure in the fourth quarter worth about $37,697,000. Copeland Capital Management LLC increased its holdings in shares of CLEAR Secure by 71.4% in the first quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock worth $51,210,000 after buying an additional 823,166 shares during the period. Finally, Ribbit Management Company LLC purchased a new position in shares of CLEAR Secure in the fourth quarter worth about $14,598,000. Institutional investors own 73.80% of the company's stock.

CLEAR Secure Trading Down 0.3%

Shares of YOU stock traded down $0.10 during midday trading on Wednesday, reaching $28.51. 1,335,789 shares of the stock were exchanged, compared to its average volume of 2,058,514. CLEAR Secure, Inc. has a 1 year low of $18.23 and a 1 year high of $38.88. The company's 50 day moving average is $25.69 and its two-hundred day moving average is $25.42. The firm has a market cap of $3.79 billion, a PE ratio of 17.82 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last posted its 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 firm had revenue of $211.40 million for the quarter, compared to analysts' expectations of $208.02 million. During the same quarter last year, the company posted $0.28 EPS. The firm's revenue was up 18.1% on a year-over-year basis. As a group, equities analysts expect that CLEAR Secure, Inc. will post 0.98 EPS for the current fiscal year.

CLEAR Secure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.75%. CLEAR Secure's dividend payout ratio is currently 31.25%.

Insider Buying and Selling

In other news, Director Adam Wiener sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $27.50, for a total value of $82,500.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth L. Cornick sold 228,374 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 149,093 shares in the company, valued at approximately $3,807,835.22. This represents a 60.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 960,964 shares of company stock worth $24,238,299. Insiders own 39.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

About CLEAR Secure

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.