Entropy Technologies LP Purchases New Stake in Clear Secure, Inc. (NYSE:YOU)

Entropy Technologies LP purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,018 shares of the company's stock, valued at approximately $895,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Clear Secure by 232.1% during the first quarter. Janus Henderson Group PLC now owns 115,282 shares of the company's stock valued at $2,452,000 after buying an additional 80,569 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Clear Secure in the 2nd quarter valued at approximately $840,000. New York State Teachers Retirement System lifted its holdings in 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 worth $1,272,000 after purchasing an additional 30,733 shares during the last quarter. AQR Capital Management LLC boosted its position in Clear Secure by 68.8% during the second quarter. AQR Capital Management LLC now owns 453,262 shares of the company's stock worth $8,481,000 after purchasing an additional 184,795 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in Clear Secure during the third quarter worth approximately $795,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Trading Up 1.1 %

NYSE:YOU traded up $0.30 during mid-day trading on Thursday, hitting $26.77. The company's stock had a trading volume of 1,001,818 shares, compared to its average volume of 1,768,816. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 30.78 and a beta of 1.63. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The stock has a fifty day moving average of $32.93 and a 200-day moving average of $25.02.

Clear Secure (NYSE:YOU - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. During the same quarter last year, the business earned $0.20 EPS. Clear Secure's quarterly revenue was up 23.7% compared to the same quarter last year. On average, equities analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be issued a $0.125 dividend. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.50 annualized dividend and a dividend yield of 1.87%. Clear Secure's dividend payout ratio is presently 46.51%.

Insider Buying and Selling

In other Clear Secure news, Director Michael Z. Barkin sold 25,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $28.64, for a total value of $716,000.00. Following the transaction, the director now directly owns 7,056 shares in the company, valued at $202,083.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Kenneth L. Cornick sold 79,935 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.04, for a total value of $2,401,247.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Z. Barkin sold 25,000 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total transaction of $716,000.00. Following the completion of the transaction, the director now directly owns 7,056 shares of the company's stock, valued at approximately $202,083.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,006,435 shares of company stock worth $32,173,077 in the last quarter. 37.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Telsey Advisory Group boosted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted 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. Stifel Nicolaus raised their price target on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. Finally, Wedbush restated a "neutral" rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Clear Secure has a consensus rating of "Hold" and an average price target of $32.67.

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.