Clear Secure, Inc. (NYSE:YOU) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in Clear Secure, Inc. (NYSE:YOU) by 80.9% in the fourth quarter, Holdings Channel reports. The firm owned 117,694 shares of the company’s stock after selling 497,086 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Clear Secure were worth $3,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of YOU. FMR LLC raised its holdings in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after buying an additional 1,547,692 shares during the last quarter. State Street Corp raised its stake in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock worth $111,381,000 after acquiring an additional 1,312,419 shares during the last quarter. Pacer Advisors Inc. lifted its position in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after acquiring an additional 3,039,236 shares during the period. Geode Capital Management LLC grew its stake in Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock valued at $77,788,000 after purchasing an additional 141,208 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Clear Secure in the third quarter valued at about $62,950,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Finally, Stifel Nicolaus reduced their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Trading Up 7.7 %

Shares of NYSE:YOU opened at $26.40 on Tuesday. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The business has a 50 day moving average of $24.39 and a two-hundred day moving average of $28.16. The company has a market capitalization of $3.61 billion, a PE ratio of 30.70 and a beta of 1.37.

Clear Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio is currently 32.47%.

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.