New York State Teachers Retirement System Increases Holdings in Clear Secure, Inc. (NYSE:YOU)

New York State Teachers Retirement System lifted its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 402.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,376 shares of the company's stock after acquiring an additional 30,733 shares during the quarter. New York State Teachers Retirement System's holdings in Clear Secure were worth $1,272,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Montag A & Associates Inc. bought a new stake in Clear Secure in the first quarter valued at about $26,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Clear Secure during the second quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of Clear Secure in the 3rd quarter valued at $33,000. Plato Investment Management Ltd lifted its holdings in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after acquiring an additional 5,057 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in Clear Secure in the 3rd quarter valued at approximately $105,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Performance

YOU traded down $0.76 on Friday, reaching $27.77. The company had a trading volume of 4,826,419 shares, compared to its average volume of 2,310,543. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 32.29 and a beta of 1.63. The business has a 50 day simple moving average of $33.08 and a 200 day simple moving average of $24.82.

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.80%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is 46.51%.

Insider Transactions at Clear Secure

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the sale, the insider now owns 26,727 shares of the company's stock, valued at $722,698.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $27.04, for a total transaction of $202,800.00. Following the completion of the sale, the insider now directly owns 26,727 shares in the company, valued at approximately $722,698.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Z. Barkin sold 25,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now directly owns 7,056 shares in the company, valued at $202,083.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,164,935 shares of company stock worth $36,623,387. 37.85% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush reaffirmed a "neutral" rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a report on Thursday. Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus raised their price target on shares of 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 set a $45.00 target price on shares of Clear Secure in a report on Friday. Finally, The Goldman Sachs Group increased their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Clear Secure has an average rating of "Hold" and an average price target of $32.67.

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.