Teacher Retirement System of Texas Takes Position in CLEAR Secure, Inc. (NYSE:YOU)

Teacher Retirement System of Texas purchased a new stake in CLEAR Secure, Inc. (NYSE:YOU - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,025 shares of the company's stock, valued at approximately $337,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in CLEAR Secure by 72.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company's stock valued at $38,000 after acquiring an additional 617 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of CLEAR Secure by 42.9% during the 1st quarter. New York State Teachers Retirement System now owns 68,228 shares of the company's stock worth $1,768,000 after purchasing an additional 20,472 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in CLEAR Secure by 54.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,627 shares of the company's stock valued at $713,000 after buying an additional 9,768 shares in the last quarter. Copeland Capital Management LLC grew its stake in CLEAR Secure by 71.4% in the 1st quarter. Copeland Capital Management LLC now owns 1,976,459 shares of the company's stock valued at $51,210,000 after buying an additional 823,166 shares in the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in CLEAR Secure in the 1st quarter valued at approximately $1,413,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

CLEAR Secure Stock Performance

YOU stock traded up $0.31 during trading on Tuesday, hitting $29.85. 1,638,451 shares of the company's stock traded hands, compared to its average volume of 2,088,728. CLEAR Secure, Inc. has a 52 week low of $18.23 and a 52 week high of $38.88. The business has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $25.54. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.65 and a beta of 1.25.

CLEAR Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data 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 net margin of 21.96% and a return on equity of 115.09%. The company had revenue of $211.40 million for the quarter, compared to the consensus estimate of $208.02 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company's quarterly revenue was up 18.1% compared to the same quarter last year. Research analysts forecast that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The firm also recently disclosed 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. This represents a $0.50 annualized dividend and a yield of 1.68%. The ex-dividend date was Tuesday, June 10th. CLEAR Secure's payout ratio is 31.25%.

Insider Buying and Selling at CLEAR Secure

In related news, Director Adam Wiener sold 5,000 shares of the business's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $30.00, for a total transaction of $150,000.00. Following the transaction, the director directly owned 207,634 shares in the company, valued at approximately $6,229,020. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth L. Cornick sold 315,591 shares of the company's stock in a transaction that occurred on 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 directly owned 64,935 shares in the company, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 965,964 shares of company stock valued at $24,388,299. Company insiders own 39.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on YOU shares. Wall Street Zen downgraded shares of CLEAR Secure from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. 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, Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price objective on shares of CLEAR Secure in a report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, CLEAR Secure 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.