26,200 Shares in Clear Secure, Inc. (NYSE:YOU) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,200 shares of the company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Clear Secure by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 477,605 shares of the company’s stock valued at $8,936,000 after acquiring an additional 35,426 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Clear Secure in the second quarter valued at $252,000. Arkadios Wealth Advisors purchased a new stake in shares of Clear Secure in the second quarter valued at $232,000. Panagora Asset Management Inc. boosted its position in shares of Clear Secure by 6.9% in the second quarter. Panagora Asset Management Inc. now owns 180,712 shares of the company’s stock worth $3,381,000 after buying an additional 11,720 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Clear Secure by 6.1% during the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock valued at $222,000 after buying an additional 681 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

YOU has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wedbush reiterated a “neutral” rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.67.

Clear Secure Stock Performance

NYSE:YOU opened at $25.98 on Thursday. The company has a market capitalization of $3.62 billion, a P/E ratio of 30.21 and a beta of 1.43. The stock’s 50 day moving average price is $30.49 and its 200 day moving average price is $26.64. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. As a group, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.92%. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is currently 58.14%.

Insider Activity

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.85% of the stock is currently owned by insiders.

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.