Illinois Municipal Retirement Fund Acquires Shares of 46,191 Clear Secure, Inc. (NYSE:YOU)

Illinois Municipal Retirement Fund bought a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,191 shares of the company's stock, valued at approximately $1,231,000.

A number of other large investors have also recently bought and sold shares of the business. Penserra Capital Management LLC acquired a new position in Clear Secure in the third quarter valued at $2,010,000. Foundry Partners LLC grew its holdings in shares of Clear Secure by 667.5% during the third quarter. Foundry Partners LLC now owns 213,815 shares of the company's stock worth $7,086,000 after buying an additional 185,957 shares during the last quarter. New York State Teachers Retirement System increased its position in Clear Secure by 402.1% in the 3rd quarter. New York State Teachers Retirement System now owns 38,376 shares of the company's stock valued at $1,272,000 after acquiring an additional 30,733 shares during the period. Thrivent Financial for Lutherans purchased a new stake in Clear Secure during the 3rd quarter valued at approximately $2,401,000. Finally, Meritage Portfolio Management lifted its position in Clear Secure by 108.8% during the 3rd quarter. Meritage Portfolio Management now owns 36,450 shares of the company's stock worth $1,208,000 after acquiring an additional 18,994 shares during the period. Institutional investors and hedge funds own 73.80% of the company's stock.

Analyst Ratings Changes

YOU has been the topic of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Wedbush reiterated a "neutral" rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

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Clear Secure Stock Performance

YOU stock traded up $0.89 on Wednesday, reaching $25.06. The company had a trading volume of 4,321,721 shares, compared to its average volume of 2,085,196. The company's fifty day moving average is $24.67 and its 200 day moving average is $28.35. The company has a market cap of $3.49 billion, a P/E ratio of 29.14 and a beta of 1.38. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's dividend payout ratio is presently 32.47%.

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.