Landscape Capital Management L.L.C. Buys Shares of 50,557 Clear Secure, Inc. (NYSE:YOU)

Landscape Capital Management L.L.C. bought a new position in Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, Holdings Channel reports. The firm bought 50,557 shares of the company’s stock, valued at approximately $1,347,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in YOU. GAMMA Investing LLC lifted its stake in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the period. Huntington National Bank bought a new position in shares of Clear Secure during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. increased its holdings in Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after buying an additional 766 shares during the period. Harbour Investments Inc. raised its stake in Clear Secure by 23.0% in the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after buying an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Clear Secure during the fourth quarter worth $83,000. Institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

YOU has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Finally, Stifel Nicolaus lowered their price target on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $24.92 on Friday. The business’s 50-day moving average is $24.54 and its 200 day moving average is $27.85. 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 $3.41 billion, a P/E ratio of 28.97 and a beta of 1.37.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s 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.