Foundry Partners LLC Grows Position in Clear Secure, Inc. (NYSE:YOU)

Foundry Partners LLC boosted its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 667.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,815 shares of the company's stock after buying an additional 185,957 shares during the period. Foundry Partners LLC owned 0.15% of Clear Secure worth $7,086,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Clear Secure by 11.7% in the first quarter. Vanguard Group Inc. now owns 10,571,993 shares of the company's stock worth $224,866,000 after acquiring an additional 1,111,330 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company's stock worth $55,271,000 after purchasing an additional 1,066,400 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Clear Secure by 303.6% during the second quarter. Rice Hall James & Associates LLC now owns 1,199,649 shares of the company's stock worth $22,445,000 after buying an additional 902,436 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Clear Secure by 278.3% in the second quarter. Marshall Wace LLP now owns 1,099,062 shares of the company's stock worth $20,563,000 after buying an additional 808,515 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Clear Secure by 56.3% in the second quarter. Millennium Management LLC now owns 2,103,578 shares of the company's stock worth $39,358,000 after buying an additional 757,528 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Z. Barkin sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $28.64, for a total transaction of $716,000.00. Following the sale, the director now directly owns 7,056 shares in the company, valued at approximately $202,083.84. The trade was a 77.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,006,435 shares of company stock worth $32,173,077 over the last ninety days. Company insiders own 37.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on YOU. Telsey Advisory Group increased their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Friday, November 8th. Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Wedbush reissued a "neutral" rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.67.

Clear Secure Stock Performance

Shares of NYSE YOU traded down $0.90 during mid-day trading on Thursday, reaching $25.89. 2,088,179 shares of the company's stock were exchanged, compared to its average volume of 1,785,749. The company's 50-day moving average is $32.61 and its 200-day moving average is $25.33. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 31.14 and a beta of 1.63. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million for the quarter, compared to analysts' expectations of $194.62 million. During the same period last year, the business earned $0.20 EPS. The company's quarterly revenue was up 23.7% compared to the same quarter last year. As a group, equities analysts predict that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.93%. This is a boost from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 10th. Clear Secure's dividend payout ratio is 46.51%.

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.