Promus Capital LLC Invests $142,000 in Clear Secure, Inc. (NYSE:YOU)

Promus Capital LLC purchased a new position in Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,345 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Aigen Investment Management LP bought a new position in shares of Clear Secure in the fourth quarter worth $499,000. Victory Capital Management Inc. grew its stake in shares of Clear Secure by 65.0% in the fourth quarter. Victory Capital Management Inc. now owns 738,393 shares of the company’s stock worth $19,671,000 after purchasing an additional 290,749 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Clear Secure by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 918,367 shares of the company’s stock worth $24,465,000 after purchasing an additional 46,213 shares in the last quarter. LGT Fund Management Co Ltd. bought a new position in Clear Secure during the fourth quarter valued at about $2,753,000. Finally, Plato Investment Management Ltd grew its holdings in Clear Secure by 105.5% during the fourth quarter. Plato Investment Management Ltd now owns 10,346 shares of the company’s stock worth $277,000 after acquiring an additional 5,311 shares during the period. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Up 3.7 %

NYSE:YOU opened at $25.06 on Thursday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 29.14 and a beta of 1.38. The stock has a fifty day simple moving average of $24.67 and a 200 day simple moving average of $28.35.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a $0.125 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.00%. Clear Secure’s dividend payout ratio (DPR) is 32.47%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

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.