Segall Bryant & Hamill LLC Sells 43,202 Shares of Clear Secure, Inc. (NYSE:YOU)

Segall Bryant & Hamill LLC lessened its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 197,509 shares of the company's stock after selling 43,202 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.14% of Clear Secure worth $6,545,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Clear Secure by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company's stock valued at $224,866,000 after acquiring an additional 1,111,330 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Clear Secure by 56.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company's stock valued at $55,271,000 after acquiring an additional 1,066,400 shares in the last quarter. Millennium Management LLC lifted its position in shares of Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company's stock valued at $39,358,000 after acquiring an additional 757,528 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in Clear Secure by 14.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,374,670 shares of the company's stock worth $45,557,000 after buying an additional 175,021 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Clear Secure by 6.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,214,456 shares of the company's stock worth $40,247,000 after buying an additional 73,303 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

Insider Activity at Clear Secure

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth L. Cornick sold 250,000 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $32.30, for a total transaction of $8,075,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,006,435 shares of company stock worth $32,173,077. 37.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Wedbush reiterated a "neutral" rating and issued a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. The Goldman Sachs Group increased their target price 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. Telsey Advisory Group increased their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research report on Friday, November 8th. 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.67.

Clear Secure Stock Up 1.1 %

Shares of YOU traded up $0.28 during mid-day trading on Friday, hitting $26.17. 2,205,724 shares of the company's stock were exchanged, compared to its average volume of 1,787,611. The firm has a fifty day moving average of $32.46 and a two-hundred day moving average of $25.39. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 30.43 and a beta of 1.63.

Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results 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). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business's quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.91%. Clear Secure's dividend payout ratio (DPR) is presently 46.51%.

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.