Arrowstreet Capital Limited Partnership Increases Stock Position in Clear Secure, Inc. (NYSE:YOU)

Arrowstreet Capital Limited Partnership grew its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 112.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,766,798 shares of the company's stock after acquiring an additional 1,463,748 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.98% of Clear Secure worth $73,707,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of YOU. GAMMA Investing LLC lifted its stake in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Clear Secure in the 4th quarter worth about $83,000. Finally, Blue Trust Inc. raised its stake in Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after acquiring an additional 2,696 shares during the period. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Stock Up 2.4 %

NYSE:YOU traded up $0.61 during mid-day trading on Wednesday, hitting $26.41. 1,360,963 shares of the stock traded hands, compared to its average volume of 1,962,873. The business's 50-day moving average price is $24.50 and its 200 day moving average price is $27.91. The company has a market cap of $3.61 billion, a PE ratio of 30.71 and a beta of 1.37. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

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Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.89%. Clear Secure's payout ratio is currently 32.47%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Stifel Nicolaus cut their price objective on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.