Integrated Quantitative Investments LLC Buys Shares of 34,000 Clear Secure, Inc. (NYSE:YOU)

Integrated Quantitative Investments LLC bought a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 34,000 shares of the company's stock, valued at approximately $906,000.

Other institutional investors have also recently modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new position in Clear Secure during the fourth quarter worth approximately $1,347,000. Huntington National Bank purchased a new position in shares of Clear Secure during the 4th quarter valued at approximately $35,000. Massachusetts Financial Services Co. MA grew its stake in Clear Secure by 16.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 148,207 shares of the company's stock valued at $3,948,000 after acquiring an additional 21,456 shares during the period. Geode Capital Management LLC increased its holdings in Clear Secure by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company's stock worth $64,832,000 after acquiring an additional 86,311 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Clear Secure by 3.7% during the fourth quarter. Franklin Resources Inc. now owns 47,872 shares of the company's stock worth $1,275,000 after acquiring an additional 1,697 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on YOU. Stifel Nicolaus cut their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 price objective on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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Clear Secure Stock Up 4.2 %

YOU traded up $1.00 during trading on Wednesday, reaching $24.96. The company's stock had a trading volume of 882,728 shares, compared to its average volume of 2,229,384. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 29.02 and a beta of 1.25. The firm has a fifty day simple moving average of $24.56 and a two-hundred day simple moving average of $27.63. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid 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 was Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is currently 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.