OMERS ADMINISTRATION Corp Has $1.51 Million Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

OMERS ADMINISTRATION Corp cut its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,600 shares of the company's stock after selling 45,700 shares during the period. OMERS ADMINISTRATION Corp's holdings in Clear Secure were worth $1,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. lifted its position in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after buying an additional 3,039,236 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Clear Secure by 112.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company's stock worth $73,707,000 after acquiring an additional 1,463,748 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Clear Secure by 74.9% in the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company's stock worth $88,512,000 after acquiring an additional 1,422,999 shares in the last quarter. William Blair Investment Management LLC bought a new position in shares of Clear Secure during the fourth quarter worth about $37,697,000. Finally, Copeland Capital Management LLC bought a new position in shares of Clear Secure during the 4th quarter worth approximately $30,724,000. Institutional investors own 73.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on YOU shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price target on shares of Clear Secure in a research note on Friday, May 9th. Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 price target 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 stock. According to MarketBeat, Clear Secure has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Clear Secure Price Performance

Clear Secure stock traded up $0.29 during mid-day trading on Tuesday, hitting $25.02. 1,409,484 shares of the company's stock traded hands, compared to its average volume of 2,014,004. The firm has a 50 day simple moving average of $25.68 and a two-hundred day simple moving average of $25.80. Clear Secure, Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $38.88. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 29.09 and a beta of 1.25.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). The firm had revenue of $211.40 million during the quarter, compared to the consensus estimate of $208.02 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. On average, research analysts anticipate 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. Investors of record on Tuesday, June 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, June 10th. Clear Secure's payout ratio is currently 31.25%.

Insider Buying and Selling

In other news, Director Kenneth L. Cornick sold 315,591 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 64,935 shares of the company's stock, valued at approximately $1,624,673.70. The trade was a 82.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 39.73% of the stock is owned by company insiders.

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.