Cim LLC grew its holdings in CLEAR Secure, Inc. (NYSE:YOU – Free Report) by 1.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 58,156 shares of the company’s stock after buying an additional 590 shares during the quarter. Cim LLC’s holdings in CLEAR Secure were worth $1,507,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of YOU. BNP Paribas Financial Markets acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at about $1,935,000. Cetera Investment Advisers raised its position in shares of CLEAR Secure by 37.8% in the fourth quarter. Cetera Investment Advisers now owns 11,837 shares of the company’s stock valued at $315,000 after buying an additional 3,245 shares during the last quarter. Jefferies Financial Group Inc. raised its position in shares of CLEAR Secure by 100.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 21,442 shares of the company’s stock valued at $571,000 after buying an additional 10,742 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of CLEAR Secure by 39.8% in the fourth quarter. Lazard Asset Management LLC now owns 161,891 shares of the company’s stock valued at $4,312,000 after buying an additional 46,094 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CLEAR Secure by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,954 shares of the company’s stock valued at $1,331,000 after buying an additional 1,954 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.
CLEAR Secure Price Performance
Shares of YOU stock opened at $37.36 on Friday. The firm has a market cap of $4.97 billion, a PE ratio of 23.35 and a beta of 1.27. The company has a 50-day moving average of $32.44 and a two-hundred day moving average of $27.91. CLEAR Secure, Inc. has a 1-year low of $21.67 and a 1-year high of $38.88.
CLEAR Secure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. CLEAR Secure’s dividend payout ratio (DPR) is 31.25%.
Insiders Place Their Bets
In other CLEAR Secure news, Director Adam Wiener sold 6,000 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the transaction, the director owned 201,634 shares of the company’s stock, valued at $7,057,190. This trade represents a 2.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Dennis W. Liu sold 5,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $33.60, for a total transaction of $168,000.00. Following the transaction, the chief accounting officer directly owned 13,923 shares of the company’s stock, valued at approximately $467,812.80. This trade represents a 26.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,027 shares of company stock valued at $2,043,243 over the last 90 days. 39.73% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of brokerages have recently commented on YOU. Telsey Advisory Group increased their target price on shares of CLEAR Secure from $32.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Stifel Nicolaus upped their price objective on shares of CLEAR Secure from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, July 29th. Wells Fargo & Company upped their price objective on shares of CLEAR Secure from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Wednesday, August 6th. Finally, Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.
Get Our Latest Stock Analysis on CLEAR Secure
CLEAR Secure 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.
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