43,407 Shares in Clear Secure, Inc. (NYSE:YOU) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in shares of Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,407 shares of the company’s stock, valued at approximately $896,000.

Other hedge funds have also recently modified their holdings of the company. Swiss National Bank boosted its holdings in Clear Secure by 1.0% during the 3rd quarter. Swiss National Bank now owns 158,700 shares of the company’s stock valued at $3,022,000 after acquiring an additional 1,600 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Clear Secure by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 642,498 shares of the company’s stock valued at $12,233,000 after purchasing an additional 26,597 shares during the period. Rhumbline Advisers grew its holdings in shares of Clear Secure by 3.9% in the third quarter. Rhumbline Advisers now owns 114,473 shares of the company’s stock worth $2,180,000 after purchasing an additional 4,335 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Clear Secure in the 3rd quarter worth about $68,000. Finally, FMR LLC lifted its holdings in Clear Secure by 28.7% during the 3rd quarter. FMR LLC now owns 3,641,892 shares of the company’s stock valued at $69,342,000 after buying an additional 811,586 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Up 1.3 %

Shares of YOU stock opened at $18.79 on Friday. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 33.70 and a beta of 1.55. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $27.75. The company’s 50 day moving average is $17.72 and its 200 day moving average is $19.42.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.13. The business had revenue of $179.05 million for the quarter, compared to the consensus estimate of $173.28 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. Analysts anticipate that Clear Secure, Inc. will post 0.82 EPS for the current fiscal year.

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 10th. Clear Secure’s dividend payout ratio is presently 71.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on YOU shares. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Clear Secure in a research report on Wednesday, May 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $34.00 target price on shares of Clear Secure in a research report on Thursday, May 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $21.00 target price on shares of Clear Secure in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Hold” and an average price target of $28.40.

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.