Clear Secure, Inc. (NYSE:YOU) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its holdings in Clear Secure, Inc. (NYSE:YOU - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 182,389 shares of the company's stock after selling 31,426 shares during the period. Foundry Partners LLC owned about 0.13% of Clear Secure worth $4,859,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in YOU. GAMMA Investing LLC increased its holdings in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Clear Secure in the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. raised its holdings in shares of Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares during the period. Harbour Investments Inc. lifted its position in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company's stock worth $64,000 after acquiring an additional 450 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Clear Secure in the fourth quarter valued at approximately $83,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Trading Down 2.2 %

NYSE YOU traded down $0.57 during trading hours on Thursday, reaching $25.62. 375,799 shares of the company traded hands, compared to its average volume of 1,989,406. The stock has a market capitalization of $3.51 billion, a PE ratio of 29.95 and a beta of 1.25. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The company has a 50 day moving average of $24.66 and a two-hundred day moving average of $27.58.

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Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. Clear Secure's dividend payout ratio (DPR) is 32.47%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YOU. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Stifel Nicolaus cut their price objective on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.