Victory Capital Management Inc. Cuts Position in Clear Secure, Inc. (NYSE:YOU)

Victory Capital Management Inc. lessened its holdings in Clear Secure, Inc. (NYSE:YOU) by 49.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 447,644 shares of the company’s stock after selling 437,681 shares during the quarter. Victory Capital Management Inc. owned about 0.32% of Clear Secure worth $14,835,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of YOU. Swiss National Bank grew its holdings in Clear Secure by 1.3% in the first quarter. Swiss National Bank now owns 150,900 shares of the company’s stock worth $3,210,000 after purchasing an additional 1,900 shares during the period. ProShare Advisors LLC grew its holdings in shares of Clear Secure by 9.7% during the first quarter. ProShare Advisors LLC now owns 14,939 shares of the company’s stock valued at $318,000 after buying an additional 1,327 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Clear Secure by 11.7% during the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company’s stock valued at $224,866,000 after buying an additional 1,111,330 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Clear Secure during the first quarter valued at approximately $837,000. Finally, Quadrature Capital Ltd grew its holdings in shares of Clear Secure by 4.7% during the first quarter. Quadrature Capital Ltd now owns 45,446 shares of the company’s stock valued at $967,000 after buying an additional 2,039 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $46,575.00. Following the transaction, the chief accounting officer now directly owns 7,211 shares of the company’s stock, valued at approximately $223,901.55. The trade was a 17.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were 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. Over the last ninety days, insiders have sold 1,006,435 shares of company stock worth $32,173,077. Company insiders own 37.85% of the company’s stock.

Clear Secure Trading Up 2.4 %

YOU opened at $26.36 on Wednesday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a market capitalization of $3.67 billion, a PE ratio of 30.65 and a beta of 1.63. The firm’s 50 day simple moving average is $32.66 and its two-hundred day simple moving average is $25.32.

Clear Secure (NYSE:YOU) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. Equities analysts forecast that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be given a $0.125 dividend. The ex-dividend date is Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.90%. Clear Secure’s dividend payout ratio (DPR) is presently 58.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Stifel Nicolaus increased their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Friday, November 8th. Finally, Telsey Advisory Group raised their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One 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, the stock has a consensus rating of “Hold” and an average target price of $32.67.

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.