Two Sigma Investments LP Grows Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Two Sigma Investments LP raised its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 1,899.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,505 shares of the company's stock after purchasing an additional 286,427 shares during the quarter. Two Sigma Investments LP owned 0.22% of Clear Secure worth $8,032,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in YOU. Renaissance Technologies LLC boosted its holdings in shares of Clear Secure by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after buying an additional 501,000 shares during the period. Raymond James Financial Inc. acquired a new stake in Clear Secure in the fourth quarter worth approximately $1,695,000. William Blair Investment Management LLC acquired a new position in Clear Secure during the fourth quarter worth about $37,697,000. Cerity Partners LLC grew its position in Clear Secure by 1,557.5% in the fourth quarter. Cerity Partners LLC now owns 345,137 shares of the company's stock worth $9,211,000 after buying an additional 324,314 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in shares of Clear Secure during the 4th quarter valued at $30,724,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clear Secure

In related news, Director Kenneth L. Cornick sold 291,466 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the sale, the director now owns 64,935 shares of the company's stock, valued at $1,626,621.75. The trade was a 81.78% 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 sold 957,964 shares of company stock valued at $24,155,799 in the last quarter. Company insiders own 39.73% of the company's stock.

Clear Secure Stock Performance

Shares of NYSE YOU traded up $0.03 during midday trading on Friday, reaching $24.34. The stock had a trading volume of 171,818 shares, compared to its average volume of 2,017,265. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 28.35 and a beta of 1.25. The company's 50 day moving average price is $25.44 and its 200 day moving average price is $25.46. Clear Secure, Inc. has a twelve month low of $16.59 and a twelve month 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 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). The company had revenue of $211.40 million during the quarter, compared to analysts' expectations of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Equities analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.05%. Clear Secure's dividend payout ratio (DPR) is currently 31.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on YOU. Stifel Nicolaus reduced their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a research note on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus target price 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.