Copeland Capital Management LLC Invests $30.72 Million in Clear Secure, Inc. (NYSE:YOU)

Copeland Capital Management LLC acquired a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,153,293 shares of the company's stock, valued at approximately $30,724,000. Copeland Capital Management LLC owned about 0.83% of Clear Secure at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of YOU. Pacer Advisors Inc. increased its holdings in shares of Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock valued at $81,300,000 after acquiring an additional 3,039,236 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Clear Secure in the third quarter worth about $62,950,000. FMR LLC increased its position in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after buying an additional 1,547,692 shares during the period. State Street Corp lifted its holdings in shares of Clear Secure by 64.1% during the third quarter. State Street Corp now owns 3,360,945 shares of the company's stock worth $111,381,000 after buying an additional 1,312,419 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Clear Secure during the third quarter worth approximately $20,243,000. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Price Performance

NYSE:YOU traded down $0.45 during trading hours on Wednesday, reaching $23.03. 821,475 shares of the stock were exchanged, compared to its average volume of 1,529,700. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The firm has a 50 day moving average of $26.07 and a 200 day moving average of $28.38. The stock has a market cap of $3.21 billion, a PE ratio of 26.81 and a beta of 1.38.

Clear Secure (NYSE:YOU - Get Free Report) last released 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 company had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same period in the prior year, the firm posted $0.20 EPS. Clear Secure's revenue was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Telsey Advisory Group lifted their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wedbush reiterated a "neutral" rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, December 16th. Finally, Stifel Nicolaus upped their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Clear Secure currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.20.

Clear Secure Company 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.