Pacer Advisors Inc. Raises Holdings in Clear Secure, Inc. (NYSE:YOU)

Pacer Advisors Inc. grew its holdings in Clear Secure, Inc. (NYSE:YOUFree Report) by 24,161.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,051,815 shares of the company’s stock after purchasing an additional 3,039,236 shares during the period. Pacer Advisors Inc.’s holdings in Clear Secure were worth $81,300,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on Clear Secure

Clear Secure Price Performance

Shares of YOU opened at $24.12 on Monday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a 50 day simple moving average of $26.45 and a two-hundred day simple moving average of $28.20. The firm has a market cap of $3.36 billion, a P/E ratio of 28.04 and a beta of 1.41.

Clear Secure (NYSE:YOUGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million during the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. On average, sell-side analysts anticipate 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 was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.07%. The ex-dividend date was Tuesday, December 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

Clear Secure Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Clear Secure (NYSE:YOU)

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