Clear Secure, Inc. (NYSE:YOU) Shares Sold by Burney Co.

Burney Co. cut its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 70.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,171 shares of the company’s stock after selling 31,733 shares during the quarter. Burney Co.’s holdings in Clear Secure were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. purchased a new stake in shares of Clear Secure in the 4th quarter valued at approximately $1,248,000. First Hawaiian Bank increased its position in shares of Clear Secure by 325.6% in the 4th quarter. First Hawaiian Bank now owns 43,396 shares of the company’s stock valued at $1,156,000 after purchasing an additional 33,200 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of Clear Secure by 22.5% in the 4th quarter. CWA Asset Management Group LLC now owns 29,404 shares of the company’s stock valued at $783,000 after buying an additional 5,406 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Clear Secure by 3.9% in the 4th quarter. Nordea Investment Management AB now owns 351,999 shares of the company’s stock valued at $9,465,000 after buying an additional 13,322 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 771 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on YOU shares. Telsey Advisory Group increased their target price 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Monday, December 16th. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Stock Down 0.0 %

Shares of NYSE YOU opened at $26.01 on Friday. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The firm has a 50-day moving average price of $26.68 and a 200 day moving average price of $27.94. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 30.24 and a beta of 1.41.

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. Equities research analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure’s dividend payout ratio (DPR) is 58.14%.

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.