Hodges Capital Management Inc. Buys 134,408 Shares of Clear Secure, Inc. (NYSE:YOU)

Hodges Capital Management Inc. grew its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 477,855 shares of the company's stock after purchasing an additional 134,408 shares during the period. Hodges Capital Management Inc. owned approximately 0.34% of Clear Secure worth $12,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of YOU. Capital Performance Advisors LLP acquired a new stake in shares of Clear Secure in the third quarter valued at about $26,000. GAMMA Investing LLC raised its stake in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Clear Secure in the 3rd quarter valued at approximately $33,000. KBC Group NV acquired a new position in Clear Secure during the third quarter worth $90,000. Finally, Blue Trust Inc. lifted its stake in Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock valued at $91,000 after acquiring an additional 2,696 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Performance

NYSE:YOU traded up $0.07 during mid-day trading on Thursday, reaching $23.09. 1,653,104 shares of the company's stock were exchanged, compared to its average volume of 1,559,992. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The business's fifty day simple moving average is $25.94 and its two-hundred day simple moving average is $28.30. The firm has a market capitalization of $3.22 billion, a PE ratio of 26.84 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on YOU shares. Stifel Nicolaus boosted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, December 16th. Wedbush reissued a "neutral" rating and set a $26.00 target price (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Finally, Telsey Advisory Group lifted their price objective on shares of Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Clear Secure currently has an average rating of "Moderate Buy" and an average target price of $35.20.

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.