Clear Secure, Inc. (NYSE:YOU) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 80.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,694 shares of the company's stock after selling 497,086 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Clear Secure worth $3,135,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of YOU. Oregon Public Employees Retirement Fund lifted its holdings in shares of Clear Secure by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company's stock worth $590,000 after acquiring an additional 461 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after purchasing an additional 766 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 771 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Clear Secure by 1.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 45,400 shares of the company's stock valued at $1,209,000 after buying an additional 800 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in Clear Secure by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 53,431 shares of the company's stock worth $1,423,000 after purchasing an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on YOU shares. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price objective on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Clear Secure Trading Down 3.5 %

Shares of NYSE YOU traded down $0.93 during midday trading on Friday, reaching $25.70. 8,025,334 shares of the stock were exchanged, compared to its average volume of 1,922,427. The company has a market capitalization of $3.52 billion, a P/E ratio of 29.88 and a beta of 1.37. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The stock has a 50 day moving average price of $24.38 and a 200-day moving average price of $28.12.

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 dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.95%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

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.