Los Angeles Capital Management LLC Purchases Shares of 61,203 Clear Secure, Inc. (NYSE:YOU)

Los Angeles Capital Management LLC acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 61,203 shares of the company’s stock, valued at approximately $2,028,000.

Several other hedge funds and other institutional investors also recently modified their holdings of YOU. Hsbc Holdings PLC lifted its position in Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock valued at $1,467,000 after purchasing an additional 409 shares during the last quarter. Truist Financial Corp raised its position in shares of Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock valued at $544,000 after buying an additional 582 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Clear Secure by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock worth $222,000 after acquiring an additional 681 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Clear Secure in the third quarter worth $26,000. Finally, Brown Lisle Cummings Inc. grew its position in Clear Secure by 11.4% in the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Buying and Selling

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $46,575.00. Following the transaction, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders have sold 1,006,435 shares of company stock valued at $32,173,077 over the last ninety days. 37.85% of the stock is owned by insiders.

Clear Secure Price Performance

YOU opened at $26.47 on Thursday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The stock’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $25.01. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 31.77 and a beta of 1.63.

Clear Secure (NYSE:YOU) last issued its 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 firm 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 quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. As a group, sell-side analysts anticipate that Clear Secure, Inc. will post 1.01 EPS for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio is currently 46.51%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on YOU. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Friday, November 8th. Stifel Nicolaus raised their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group boosted their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Clear Secure presently has an average rating of “Hold” and an average target price 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.