Clearbridge Investments LLC Reduces Position in Clear Secure, Inc. (NYSE:YOU)

Clearbridge Investments LLC decreased its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,441,107 shares of the company's stock after selling 196,892 shares during the period. Clearbridge Investments LLC owned 0.96% of Clear Secure worth $29,759,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in YOU. Bank of New York Mellon Corp raised its position in Clear Secure by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 340,890 shares of the company's stock valued at $6,491,000 after purchasing an additional 8,858 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Clear Secure by 23.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,524 shares of the company's stock worth $277,000 after purchasing an additional 2,780 shares in the last quarter. Versor Investments LP boosted its position in shares of Clear Secure by 335.7% in the 3rd quarter. Versor Investments LP now owns 43,778 shares of the company's stock worth $834,000 after purchasing an additional 33,731 shares in the last quarter. Jump Financial LLC boosted its position in shares of Clear Secure by 368.5% in the 3rd quarter. Jump Financial LLC now owns 146,023 shares of the company's stock worth $2,780,000 after purchasing an additional 114,854 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Clear Secure by 2.7% in the 3rd quarter. New York State Common Retirement Fund now owns 34,289 shares of the company's stock worth $653,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 73.80% of the company's stock.

Clear Secure Price Performance

YOU stock traded down $0.22 during trading on Friday, hitting $16.55. The stock had a trading volume of 1,406,223 shares, compared to its average volume of 1,589,125. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $27.75. The stock has a market capitalization of $2.40 billion, a P/E ratio of 29.95 and a beta of 1.59. The company's 50-day moving average price is $18.65 and its two-hundred day moving average price is $19.72.

Clear Secure (NYSE:YOU - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $170.97 million for the quarter, compared to analysts' expectations of $166.56 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. The business's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, sell-side analysts expect that Clear Secure, Inc. will post 0.82 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.09. Clear Secure's dividend payout ratio is currently 64.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on YOU. Telsey Advisory Group restated an "outperform" rating and issued a $34.00 target price on shares of Clear Secure in a research note on Thursday, May 9th. Wedbush restated a "neutral" rating and issued a $21.00 target price on shares of Clear Secure in a research note on Wednesday, May 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Clear Secure in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Clear Secure presently has a consensus rating of "Hold" and a consensus target price of $28.40.

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.