Teachers Retirement System of The State of Kentucky Invests $868,000 in Clear Secure, Inc. (NYSE:YOU)

Teachers Retirement System of The State of Kentucky bought a new position in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,200 shares of the company's stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Clear Secure in the 2nd quarter valued at $26,000. Capital Performance Advisors LLP bought a new stake in Clear Secure in the third quarter worth $26,000. Future Financial Wealth Managment LLC purchased a new stake in Clear Secure during the third quarter valued at about $33,000. KBC Group NV bought a new position in shares of Clear Secure during the third quarter valued at about $90,000. Finally, Plato Investment Management Ltd increased its holdings in shares of Clear Secure by 10,535.4% in the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after buying an additional 5,057 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

YOU has been the subject of several analyst reports. Wedbush restated a "neutral" rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday. Finally, Telsey Advisory Group increased their price target on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $32.67.

Clear Secure Trading Down 1.4 %

Shares of YOU stock traded down $0.37 during trading hours on Thursday, reaching $25.61. The company's stock had a trading volume of 1,313,125 shares, compared to its average volume of 1,790,384. The stock has a market capitalization of $3.57 billion, a P/E ratio of 29.78 and a beta of 1.43. The firm's fifty day simple moving average is $30.49 and its 200 day simple moving average is $26.64. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) 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 net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. During the same quarter last year, the firm earned $0.20 EPS. The business's revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were paid a $0.125 dividend. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure's dividend payout ratio is presently 58.14%.

Insiders Place Their Bets

In related news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 37.85% of the stock is currently owned by company insiders.

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.