Jefferies Financial Group Inc. Raises Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Jefferies Financial Group Inc. boosted its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 100.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,442 shares of the company's stock after acquiring an additional 10,742 shares during the period. Jefferies Financial Group Inc.'s holdings in Clear Secure were worth $571,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in YOU. Renaissance Technologies LLC raised its stake in Clear Secure by 15.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company's stock valued at $98,519,000 after purchasing an additional 501,000 shares during the period. Raymond James Financial Inc. purchased a new stake in Clear Secure during the 4th quarter valued at approximately $1,695,000. William Blair Investment Management LLC purchased a new stake in Clear Secure during the 4th quarter valued at approximately $37,697,000. Principal Financial Group Inc. raised its position in shares of Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock valued at $15,866,000 after buying an additional 466,901 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Stock Up 0.1%

Clear Secure stock traded up $0.01 during mid-day trading on Wednesday, reaching $25.18. 1,253,163 shares of the company's stock traded hands, compared to its average volume of 2,018,193. Clear Secure, Inc. has a 12-month low of $16.48 and a 12-month high of $38.88. The stock has a 50 day moving average of $25.69 and a two-hundred day moving average of $25.79. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 29.31 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). The business had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 annualized dividend and a yield of 1.99%. Clear Secure's payout ratio is currently 31.25%.

Insider Buying and Selling at Clear Secure

In other news, Director Kenneth L. Cornick sold 291,466 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $25.05, for a total value of $7,301,223.30. Following the completion of the sale, the director now owns 64,935 shares in the company, valued at approximately $1,626,621.75. This trade represents a 81.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 39.73% of the company's stock.

Analyst Ratings Changes

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