Rhumbline Advisers Acquires 13,995 Shares of Clear Secure, Inc. (NYSE:YOU)

Rhumbline Advisers increased its holdings in Clear Secure, Inc. (NYSE:YOU) by 12.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,077 shares of the company’s stock after acquiring an additional 13,995 shares during the quarter. Rhumbline Advisers owned about 0.09% of Clear Secure worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of YOU. Vanguard Group Inc. increased its stake in shares of Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock worth $224,866,000 after acquiring an additional 1,111,330 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Clear Secure by 184.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,071,486 shares of the company’s stock worth $22,791,000 after acquiring an additional 695,418 shares in the last quarter. Nordea Investment Management AB increased its stake in Clear Secure by 425.7% during the 1st quarter. Nordea Investment Management AB now owns 239,440 shares of the company’s stock valued at $5,129,000 after purchasing an additional 193,889 shares in the last quarter. Honeycomb Asset Management LP increased its stake in Clear Secure by 40.8% during the 4th quarter. Honeycomb Asset Management LP now owns 600,000 shares of the company’s stock valued at $12,390,000 after purchasing an additional 174,000 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Clear Secure by 432.9% during the 4th quarter. Trexquant Investment LP now owns 197,522 shares of the company’s stock valued at $4,079,000 after purchasing an additional 160,459 shares in the last quarter. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Down 0.3 %

Shares of NYSE YOU opened at $32.48 on Thursday. The firm’s 50-day moving average price is $25.72 and its 200-day moving average price is $21.08. The company has a market cap of $4.52 billion, a PE ratio of 58.00 and a beta of 1.65. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $33.85.

Clear Secure (NYSE:YOU) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. As a group, equities research analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s payout ratio is presently 71.43%.

Insider Activity

In related news, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $7,049,002.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the transaction, the insider now owns 34,227 shares of the company’s stock, valued at $755,732.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alclear Investments Ii, Llc sold 227,021 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $7,049,002.05. The disclosure for this sale can be found here. Insiders have sold a total of 623,935 shares of company stock valued at $18,683,532 in the last 90 days. 37.85% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.20.

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.