Louisiana State Employees Retirement System Increases Position in Clear Secure, Inc. (NYSE:YOU)

Louisiana State Employees Retirement System lifted its holdings in Clear Secure, Inc. (NYSE:YOU) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,400 shares of the company’s stock after buying an additional 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Clear Secure were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundry Partners LLC boosted its stake in shares of Clear Secure by 667.5% in the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock worth $7,086,000 after buying an additional 185,957 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Clear Secure in the third quarter valued at approximately $2,010,000. New York State Teachers Retirement System lifted its stake in Clear Secure by 402.1% in the third quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock valued at $1,272,000 after purchasing an additional 30,733 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Clear Secure in the third quarter valued at approximately $2,401,000. Finally, Meritage Portfolio Management lifted its stake in Clear Secure by 108.8% in the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock valued at $1,208,000 after purchasing an additional 18,994 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

YOU has been the topic of several recent research reports. Wedbush restated a “neutral” rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Telsey Advisory Group increased their target price on 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 upped their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.20.

Clear Secure Price Performance

NYSE:YOU opened at $22.60 on Monday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The business has a 50 day moving average of $25.57 and a 200 day moving average of $28.50. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 26.28 and a beta of 1.38.

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.