Blueshift Asset Management LLC Acquires 5,808 Shares of Clear Secure, Inc. (NYSE:YOU)

Blueshift Asset Management LLC raised its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,062 shares of the company’s stock after purchasing an additional 5,808 shares during the quarter. Blueshift Asset Management LLC’s holdings in Clear Secure were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its stake in Clear Secure by 232.1% in the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company’s stock worth $2,452,000 after purchasing an additional 80,569 shares in the last quarter. Foundry Partners LLC raised its position in shares of Clear Secure by 667.5% during the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock valued at $7,086,000 after acquiring an additional 185,957 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in Clear Secure in the second quarter valued at about $840,000. New York State Teachers Retirement System grew its position in shares of Clear Secure by 402.1% during the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock worth $1,272,000 after buying an additional 30,733 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of 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 during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Down 1.3 %

NYSE:YOU opened at $26.72 on Wednesday. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The stock’s 50 day moving average price is $32.37 and its two-hundred day moving average price is $25.57. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 31.07 and a beta of 1.63.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. During the same quarter last year, the business earned $0.20 earnings per share. The company’s revenue 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 year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.87%. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s payout ratio is currently 46.51%.

Insiders Place Their Bets

In related news, CFO Kenneth L. Cornick sold 79,935 shares of Clear Secure stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.04, for a total value of $2,401,247.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at $223,901.55. This trade represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 981,435 shares of company stock worth $31,457,077 in the last quarter. Corporate insiders own 37.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on YOU shares. The Goldman Sachs Group boosted their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus increased their target price on Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Friday, November 8th. Telsey Advisory Group increased their price objective 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. Finally, Wedbush reaffirmed a “neutral” rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.67.

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.