Intech Investment Management LLC Buys 10,487 Shares of Clear Secure, Inc. (NYSE:YOU)

Intech Investment Management LLC boosted its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 50.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,254 shares of the company's stock after buying an additional 10,487 shares during the period. Intech Investment Management LLC's holdings in Clear Secure were worth $833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of Clear Secure during the third quarter valued at $2,010,000. Thrivent Financial for Lutherans bought a new stake in shares of Clear Secure in the third quarter worth approximately $2,401,000. FMR LLC raised its holdings in shares of Clear Secure by 30.6% during the third quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after purchasing an additional 1,547,692 shares during the last quarter. William Blair Investment Management LLC bought a new position in Clear Secure during the fourth quarter valued at approximately $37,697,000. Finally, Principal Financial Group Inc. boosted its holdings in Clear Secure by 3,937.1% in the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after purchasing an additional 466,901 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YOU. Needham & Company LLC reiterated a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday. Telsey Advisory Group reissued an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.00.

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Clear Secure Stock Performance

Shares of NYSE YOU traded up $0.20 during midday trading on Thursday, reaching $27.25. The stock had a trading volume of 1,294,532 shares, compared to its average volume of 1,907,263. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 31.68 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. The stock has a 50-day moving average of $24.41 and a 200-day moving average of $28.04.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.84%. Clear Secure's payout ratio is presently 32.47%.

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.