UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.69 Million Holdings in Clear Secure, Inc. (NYSE:YOU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Clear Secure, Inc. (NYSE:YOU) by 17.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 141,467 shares of the company’s stock after selling 29,157 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Clear Secure were worth $4,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of YOU. Foundry Partners LLC lifted its position in shares of Clear Secure by 667.5% in the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock worth $7,086,000 after acquiring an additional 185,957 shares during the period. New York State Teachers Retirement System raised its stake in shares of Clear Secure by 402.1% in the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company’s stock valued at $1,272,000 after buying an additional 30,733 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Clear Secure during the 3rd quarter worth about $2,010,000. AQR Capital Management LLC raised its position in Clear Secure by 68.8% in the second quarter. AQR Capital Management LLC now owns 453,262 shares of the company’s stock worth $8,481,000 after purchasing an additional 184,795 shares in the last quarter. Finally, Meritage Portfolio Management raised its position in Clear Secure by 108.8% in the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock worth $1,208,000 after purchasing an additional 18,994 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of NYSE:YOU opened at $27.38 on Thursday. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The business has a fifty day moving average of $31.00 and a 200-day moving average of $26.30. The firm has a market cap of $3.82 billion, a PE ratio of 31.84 and a beta of 1.44.

Clear Secure (NYSE:YOU) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $198.40 million for the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. Clear Secure’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. On average, analysts anticipate that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure’s dividend payout ratio (DPR) is 58.14%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on YOU shares. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. Wedbush reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group increased their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Insider Transactions 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 stock was sold at an average price of $32.30, for a total value of $8,075,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. Insiders sold a total of 672,579 shares of company stock worth $21,947,852 over the last 90 days. 37.85% of the stock is owned by insiders.

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.