Algert Global LLC Grows Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Algert Global LLC lifted its holdings in Clear Secure, Inc. (NYSE:YOU) by 143.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,967 shares of the company’s stock after buying an additional 161,378 shares during the period. Algert Global LLC owned about 0.19% of Clear Secure worth $5,126,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in Clear Secure by 0.5% during the second quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock worth $1,467,000 after acquiring an additional 409 shares during the last quarter. Principal Financial Group Inc. lifted its position in Clear Secure by 6.1% in the second quarter. Principal Financial Group Inc. now owns 11,859 shares of the company’s stock worth $222,000 after buying an additional 681 shares during the last quarter. Brown Lisle Cummings Inc. boosted its stake in Clear Secure by 11.4% during the second quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock worth $165,000 after buying an additional 900 shares during the period. Crossmark Global Holdings Inc. increased its position in Clear Secure by 5.3% during the second quarter. Crossmark Global Holdings Inc. now owns 19,988 shares of the company’s stock valued at $374,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after acquiring an additional 1,163 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

YOU has been the subject of a number of recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Clear Secure in a research report on Wednesday, August 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 price target on shares of Clear Secure in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Clear Secure currently has a consensus rating of “Hold” and an average price target of $29.20.

Insider Activity at Clear Secure

In other Clear Secure news, CFO Kenneth L. Cornick sold 250,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total transaction of $8,075,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Kenneth L. Cornick sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $32.30, for a total value of $8,075,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total value of $37,545.00. Following the sale, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. The disclosure for this sale can be found here. Insiders sold 1,023,935 shares of company stock worth $31,714,532 over the last three months. 37.85% of the stock is owned by corporate insiders.

Clear Secure Price Performance

Clear Secure stock opened at $32.64 on Monday. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 58.29 and a beta of 1.65. The firm has a 50-day moving average of $27.50 and a two-hundred day moving average of $21.72. Clear Secure, Inc. has a 1 year low of $15.28 and a 1 year high of $33.85.

Clear Secure (NYSE:YOU) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. Clear Secure’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Research analysts expect that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.23%. Clear Secure’s dividend payout ratio is currently 71.43%.

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.