Thrivent Financial for Lutherans Takes Position in Clear Secure, Inc. (NYSE:YOU)

Thrivent Financial for Lutherans purchased a new stake in Clear Secure, Inc. (NYSE:YOU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 72,443 shares of the company’s stock, valued at approximately $2,401,000. Thrivent Financial for Lutherans owned approximately 0.05% of Clear Secure as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Clear Secure by 232.1% in the 1st quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock valued at $2,452,000 after acquiring an additional 80,569 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Clear Secure in the 2nd quarter valued at about $840,000. New York State Teachers Retirement System lifted its position in Clear Secure by 402.1% in the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock valued at $1,272,000 after acquiring an additional 30,733 shares in the last quarter. AQR Capital Management LLC lifted its position in Clear Secure by 68.8% in the 2nd quarter. AQR Capital Management LLC now owns 453,262 shares of the company’s stock valued at $8,481,000 after acquiring an additional 184,795 shares in the last quarter. Finally, Meritage Portfolio Management lifted its position in Clear Secure by 108.8% in the 3rd quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock valued at $1,208,000 after acquiring an additional 18,994 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Activity

In other news, CFO Kenneth L. Cornick sold 250,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders sold 901,500 shares of company stock worth $29,055,829 in the last three months. Corporate insiders own 37.85% of the company’s stock.

Clear Secure Trading Down 2.3 %

NYSE:YOU opened at $26.11 on Thursday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The stock has a market capitalization of $3.64 billion, a PE ratio of 30.36 and a beta of 1.63. The firm’s 50 day moving average is $32.26 and its 200 day moving average is $25.63.

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

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.125 per share. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group lifted their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Friday, November 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.67.

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.