Edgestream Partners L.P. Invests $2.36 Million in Clear Secure, Inc. (NYSE:YOU)

Edgestream Partners L.P. purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,458 shares of the company's stock, valued at approximately $2,357,000. Edgestream Partners L.P. owned about 0.06% of Clear Secure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in shares of Clear Secure during the third quarter valued at $2,010,000. Foundry Partners LLC lifted its position in Clear Secure by 667.5% during the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock valued at $7,086,000 after purchasing an additional 185,957 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Clear Secure by 402.1% in the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock valued at $1,272,000 after purchasing an additional 30,733 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Clear Secure during the 3rd quarter worth approximately $2,401,000. Finally, Meritage Portfolio Management raised its stake in shares of Clear Secure by 108.8% during the third quarter. Meritage Portfolio Management now owns 36,450 shares of the company's stock worth $1,208,000 after buying an additional 18,994 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Down 0.5 %

Shares of YOU traded down $0.11 during trading hours on Thursday, reaching $24.91. The stock had a trading volume of 2,167,421 shares, compared to its average volume of 2,169,777. The company has a market cap of $3.47 billion, a P/E ratio of 28.96 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 firm has a 50-day moving average of $24.50 and a 200 day moving average of $28.25.

Remove Ads

Clear Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a $0.125 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. Clear Secure's dividend payout ratio is presently 32.47%.

Analyst Upgrades and Downgrades

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

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.