HighTower Advisors LLC Sells 25,966 Shares of Clear Secure, Inc. (NYSE:YOU)

HighTower Advisors LLC trimmed its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,940 shares of the company's stock after selling 25,966 shares during the period. HighTower Advisors LLC's holdings in Clear Secure were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC acquired a new position in shares of Clear Secure during the 3rd quarter worth about $460,000. Thrivent Financial for Lutherans bought a new position in Clear Secure during the third quarter worth about $2,401,000. Intech Investment Management LLC acquired a new position in Clear Secure during the third quarter worth approximately $688,000. Charles Schwab Investment Management Inc. raised its stake in 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 during the period. Finally, Citigroup Inc. lifted its position in shares of Clear Secure by 257.9% in the third quarter. Citigroup Inc. now owns 107,858 shares of the company's stock valued at $3,574,000 after buying an additional 77,718 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

NYSE YOU traded down $0.72 on Friday, reaching $26.53. The stock had a trading volume of 1,029,564 shares, compared to its average volume of 1,959,965. The company has a market cap of $3.63 billion, a P/E ratio of 30.85 and a beta of 1.37. The firm has a fifty day moving average of $24.44 and a two-hundred day moving average of $28.03. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

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Clear Secure Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.88%. Clear Secure's dividend payout ratio (DPR) is presently 32.47%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on YOU shares. Needham & Company LLC reissued a "buy" rating and set a $45.00 target price on shares of Clear Secure in a report on Monday. Telsey Advisory Group reissued an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus reduced their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

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.