Holocene Advisors LP Reduces Stock Position in Clear Secure, Inc. (NYSE:YOU)

Holocene Advisors LP reduced its stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 76.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,985 shares of the company's stock after selling 105,373 shares during the period. Holocene Advisors LP's holdings in Clear Secure were worth $1,093,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Clear Secure during the 2nd quarter valued at about $26,000. Capital Performance Advisors LLP purchased a new position in Clear Secure in the 3rd quarter worth approximately $26,000. Future Financial Wealth Managment LLC purchased a new position in Clear Secure in the 3rd quarter worth approximately $33,000. KBC Group NV purchased a new position in Clear Secure in the 3rd quarter worth approximately $90,000. Finally, Plato Investment Management Ltd lifted its holdings in Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after purchasing an additional 5,057 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Dennis W. Liu sold 1,500 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the transaction, the chief accounting officer now owns 7,211 shares in the company, valued at $223,901.55. The trade was a 17.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 901,500 shares of company stock valued at $29,055,829. 37.85% of the stock is currently owned by insiders.

Clear Secure Stock Performance

NYSE:YOU traded up $0.02 during trading hours on Friday, reaching $27.07. The stock had a trading volume of 2,492,959 shares, compared to its average volume of 2,622,303. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88. The company has a 50 day moving average price of $31.26 and a two-hundred day moving average price of $26.01. The stock has a market capitalization of $3.77 billion, a PE ratio of 31.47 and a beta of 1.43.

Clear Secure (NYSE:YOU - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business's revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. Equities research analysts predict that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.85%. This is an increase from Clear Secure's previous quarterly dividend of $0.10. Clear Secure's payout ratio is currently 46.51%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Telsey Advisory Group boosted their price target on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus boosted their price target on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Friday, November 8th. Finally, Wedbush reissued a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Clear Secure presently has an average rating of "Hold" and a consensus 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.