Federated Hermes Inc. Sells 63,404 Shares of Clear Secure, Inc. (NYSE:YOU)

Federated Hermes Inc. lowered its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 768,602 shares of the company's stock after selling 63,404 shares during the period. Federated Hermes Inc. owned 0.55% of Clear Secure worth $20,476,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in YOU. Harbour Investments Inc. lifted its holdings in shares of Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after purchasing an additional 450 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Clear Secure by 2.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company's stock valued at $590,000 after buying an additional 461 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Clear Secure by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company's stock valued at $843,000 after buying an additional 509 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Clear Secure by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company's stock valued at $499,000 after buying an additional 612 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock worth $57,000 after acquiring an additional 766 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

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Clear Secure Trading Up 1.4 %

Shares of YOU stock traded up $0.37 during trading on Monday, hitting $27.39. The company's stock had a trading volume of 245,861 shares, compared to its average volume of 1,995,925. The company has a market cap of $3.75 billion, a PE ratio of 31.85 and a beta of 1.25. The business has a fifty day moving average of $24.78 and a 200-day moving average of $27.46. Clear Secure, Inc. has a 52 week low of $16.05 and a 52 week high of $38.88.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure's dividend payout ratio is presently 32.47%.

Analyst Ratings Changes

YOU has been the subject of a number of analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Finally, Stifel Nicolaus decreased their price target on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.00.

About Clear Secure

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.