Federated Hermes Inc. Sells 63,404 Shares of Clear Secure, Inc. (NYSE:YOU)

Federated Hermes Inc. trimmed its holdings in Clear Secure, Inc. (NYSE:YOU) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 768,602 shares of the company’s stock after selling 63,404 shares during the period. Federated Hermes Inc. owned 0.55% of Clear Secure worth $20,476,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank bought a new stake in shares of Clear Secure during the 4th quarter worth about $35,000. SRS Capital Advisors Inc. increased its holdings in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after acquiring an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Clear Secure in the 4th quarter worth approximately $83,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Trading Down 2.7 %

YOU opened at $23.89 on Wednesday. The business has a 50 day moving average of $24.56 and a 200-day moving average of $27.63. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.78 and a beta of 1.25. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Stifel Nicolaus lowered their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Clear Secure has a consensus rating of “Moderate Buy” and an average target price of $34.00.

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.