Elo Mutual Pension Insurance Co Takes Position in Clear Secure, Inc. (NYSE:YOU)

Elo Mutual Pension Insurance Co purchased a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,204 shares of the company's stock, valued at approximately $458,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Clear Secure by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 872,154 shares of the company's stock valued at $28,903,000 after buying an additional 55,136 shares in the last quarter. Citigroup Inc. lifted its holdings in Clear Secure by 257.9% during the 3rd quarter. Citigroup Inc. now owns 107,858 shares of the company's stock worth $3,574,000 after buying an additional 77,718 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Clear Secure in the third quarter valued at $690,000. The Manufacturers Life Insurance Company grew its stake in Clear Secure by 6.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 46,461 shares of the company's stock worth $1,540,000 after purchasing an additional 2,689 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after buying an additional 1,547,692 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Shares of NYSE:YOU traded down $0.77 during trading on Friday, reaching $24.50. The company had a trading volume of 511,158 shares, compared to its average volume of 1,962,155. The stock's fifty day moving average price is $24.52 and its 200 day moving average price is $27.89. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.59 and a beta of 1.37.

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Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's payout ratio is 32.47%.

Analyst Ratings Changes

YOU has been the topic of several analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus dropped their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 price target on shares of Clear Secure in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.