Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP grew its position in Clear Secure, Inc. (NYSE:YOU) by 432.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,522 shares of the company’s stock after purchasing an additional 160,459 shares during the period. Trexquant Investment LP owned approximately 0.13% of Clear Secure worth $4,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its holdings in shares of Clear Secure by 2.8% during the 4th quarter. Arizona State Retirement System now owns 21,143 shares of the company’s stock valued at $437,000 after buying an additional 583 shares during the period. Cornercap Investment Counsel Inc. lifted its position in Clear Secure by 2.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 25,855 shares of the company’s stock worth $534,000 after acquiring an additional 700 shares in the last quarter. Amalgamated Bank lifted its position in Clear Secure by 6.2% during the 3rd quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock worth $241,000 after acquiring an additional 745 shares in the last quarter. New York State Common Retirement Fund lifted its position in Clear Secure by 2.7% during the 3rd quarter. New York State Common Retirement Fund now owns 34,289 shares of the company’s stock worth $653,000 after acquiring an additional 900 shares in the last quarter. Finally, Versor Investments LP lifted its position in Clear Secure by 2.3% during the 4th quarter. Versor Investments LP now owns 44,795 shares of the company’s stock worth $925,000 after acquiring an additional 1,017 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Trading Up 0.1 %

YOU opened at $17.11 on Thursday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 30.54 and a beta of 1.59. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $27.75. The stock has a fifty day moving average price of $18.70 and a 200 day moving average price of $19.74.

Clear Secure (NYSE:YOU) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. The firm had revenue of $170.97 million during the quarter, compared to analysts’ expectations of $166.56 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 0.82 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.10 per share. This is a positive change from Clear Secure’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, June 10th. Clear Secure’s dividend payout ratio (DPR) is 64.29%.

Analyst Ratings Changes

YOU has been the subject of a number of analyst reports. Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Clear Secure in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Wednesday, May 15th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.40.

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.