Tealwood Asset Management Inc. Takes $1.25 Million Position in Clear Secure, Inc. (NYSE:YOU)

Tealwood Asset Management Inc. purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,853 shares of the company’s stock, valued at approximately $1,248,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after buying an additional 1,547,692 shares during the last quarter. State Street Corp increased its position in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the period. Renaissance Technologies LLC raised its stake in Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company’s stock valued at $55,271,000 after acquiring an additional 1,066,400 shares during the last quarter. Geode Capital Management LLC lifted its position in Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after acquiring an additional 141,208 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company’s stock valued at $39,358,000 after purchasing an additional 757,528 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of NYSE YOU opened at $26.38 on Tuesday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The firm has a market capitalization of $3.68 billion, a P/E ratio of 30.67 and a beta of 1.41. The company’s fifty day moving average is $27.22 and its two-hundred day moving average is $27.80.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same quarter last year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, sell-side analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.90%. Clear Secure’s payout ratio is currently 58.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. Stifel Nicolaus lifted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Wedbush reissued a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

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.