Quantbot Technologies LP Acquires 36,415 Shares of Clear Secure, Inc. (NYSE:YOU)

Quantbot Technologies LP raised its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 316.9% in the 4th quarter, HoldingsChannel reports. The firm owned 47,907 shares of the company’s stock after buying an additional 36,415 shares during the period. Quantbot Technologies LP’s holdings in Clear Secure were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after buying an additional 1,547,692 shares during the last quarter. State Street Corp raised its holdings in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the period. Pacer Advisors Inc. lifted its position in Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after acquiring an additional 3,039,236 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after acquiring an additional 141,208 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of Clear Secure in the third quarter valued at approximately $62,950,000. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

Clear Secure stock opened at $26.56 on Tuesday. The firm has a market cap of $3.64 billion, a PE ratio of 30.89 and a beta of 1.37. The stock’s fifty day moving average price is $24.36 and its two-hundred day moving average price is $28.05. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is presently 32.47%.

Analysts Set New Price Targets

Several research firms recently weighed in on YOU. Stifel Nicolaus dropped their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.