University of Texas Texas AM Investment Management Co. Takes Position in Clear Secure, Inc. (NYSE:YOU)

University of Texas Texas AM Investment Management Co. purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,384 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in shares of Clear Secure by 16.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 191,806 shares of the company’s stock valued at $3,961,000 after buying an additional 26,974 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Clear Secure by 178.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 58,345 shares of the company’s stock valued at $1,205,000 after purchasing an additional 37,359 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Clear Secure by 101.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 82,187 shares of the company’s stock worth $1,697,000 after purchasing an additional 41,402 shares during the last quarter. Honeycomb Asset Management LP lifted its holdings in shares of Clear Secure by 40.8% in the fourth quarter. Honeycomb Asset Management LP now owns 600,000 shares of the company’s stock valued at $12,390,000 after purchasing an additional 174,000 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Clear Secure during the fourth quarter valued at approximately $1,616,000. Institutional investors own 73.80% of the company’s stock.

Insider Buying and Selling

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the sale, the insider now owns 34,227 shares in the company, valued at $755,732.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Dennis W. Liu sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $25.03, for a total transaction of $37,545.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,211 shares in the company, valued at approximately $255,581.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the sale, the insider now owns 34,227 shares in the company, valued at approximately $755,732.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,023,935 shares of company stock valued at $31,714,532. Company insiders own 37.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on Clear Secure from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Wednesday, August 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $34.00 target price 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 given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Clear Secure has a consensus rating of “Hold” and an average target price of $29.20.

Clear Secure Stock Down 3.6 %

Clear Secure stock opened at $30.57 on Thursday. The firm has a 50 day moving average price of $28.16 and a 200-day moving average price of $21.96. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $33.85. The company has a market capitalization of $4.26 billion, a P/E ratio of 54.59 and a beta of 1.65.

Clear Secure (NYSE:YOU) last issued its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $186.75 million for the quarter, compared to analyst estimates of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The business’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Equities analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Tuesday, September 10th. Clear Secure’s dividend payout ratio (DPR) 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.