Jefferies Financial Group Inc. Has $571,000 Position in Clear Secure, Inc. (NYSE:YOU)

Jefferies Financial Group Inc. lifted its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 100.4% in the fourth quarter, according to the company in its most recent 13F 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after acquiring an additional 3,039,236 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock valued at $73,707,000 after purchasing an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Clear Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock valued at $88,512,000 after purchasing an additional 1,422,999 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Clear Secure during the 4th quarter worth approximately $37,697,000. Finally, Copeland Capital Management LLC acquired a new position in Clear Secure during the 4th quarter worth approximately $30,724,000. 73.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clear Secure

In other news, Director Kenneth L. Cornick sold 291,466 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 64,935 shares in the company, valued at approximately $1,626,621.75. The trade was a 81.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.73% of the company's stock.

Clear Secure Stock Up 1.0%

Shares of YOU stock traded up $0.25 during trading hours on Thursday, hitting $25.44. 353,106 shares of the company's stock traded hands, compared to its average volume of 2,014,633. The stock has a market cap of $3.48 billion, a PE ratio of 29.59 and a beta of 1.25. The stock's 50 day simple moving average is $25.70 and its 200 day simple moving average is $25.79. Clear Secure, Inc. has a 12 month low of $16.48 and a 12 month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.97%. The ex-dividend date is Tuesday, June 10th. Clear Secure's payout ratio is presently 31.25%.

Wall Street Analyst Weigh In

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