Nuveen Asset Management LLC Sells 196,088 Shares of Clear Secure, Inc. (NYSE:YOU)

Nuveen Asset Management LLC lowered its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,586,336 shares of the company's stock after selling 196,088 shares during the period. Nuveen Asset Management LLC owned about 1.14% of Clear Secure worth $42,260,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Huntington National Bank bought a new position in shares of Clear Secure during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. grew its position in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after purchasing an additional 766 shares during the period. Strategic Investment Solutions Inc. IL grew its position in shares of Clear Secure by 113,800.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock valued at $61,000 after acquiring an additional 2,276 shares during the period. Harbour Investments Inc. lifted its stake in Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock valued at $64,000 after buying an additional 450 shares in the last quarter. Finally, Natixis purchased a new position in Clear Secure in the 4th quarter worth approximately $73,000. Institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on YOU shares. Telsey Advisory Group restated an "outperform" rating and issued a $32.00 price target on shares of Clear Secure in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Clear Secure in a research note on Monday, March 24th. Finally, Stifel Nicolaus cut their price target 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Clear Secure currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Clear Secure Price Performance

YOU traded down $1.43 during trading hours on Friday, reaching $24.01. 2,563,693 shares of the stock traded hands, compared to its average volume of 2,030,769. The firm's fifty day simple moving average is $25.63 and its two-hundred day simple moving average is $25.53. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 27.91 and a beta of 1.25. Clear Secure, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last released 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). The firm had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. On average, research analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Announces Dividend

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 $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 2.08%. Clear Secure's dividend payout ratio is presently 31.25%.

Insider Activity at Clear Secure

In other news, Director Kenneth L. Cornick sold 122,533 shares of Clear Secure stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $25.51, for a total value of $3,125,816.83. Following the transaction, the director now directly owns 64,935 shares of the company's stock, valued at $1,656,491.85. This trade represents a 65.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 957,964 shares of company stock worth $24,155,799 in the last ninety days. 39.73% of the stock is owned by 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.