KLP Kapitalforvaltning AS Makes New $1.10 Million Investment in Clear Secure, Inc. (NYSE:YOU)

KLP Kapitalforvaltning AS acquired a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 41,100 shares of the company's stock, valued at approximately $1,095,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp boosted its position in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company's stock valued at $111,381,000 after buying an additional 1,312,419 shares during the period. Pacer Advisors Inc. grew its stake in shares of Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company's stock worth $81,300,000 after acquiring an additional 3,039,236 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Clear Secure by 6.4% during the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock worth $77,788,000 after acquiring an additional 141,208 shares during the period. Finally, Wellington Management Group LLP purchased a new position in Clear Secure in the third quarter valued at $62,950,000. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Shares of NYSE YOU traded down $1.07 during midday trading on Thursday, hitting $25.27. 2,522,444 shares of the company's stock were exchanged, compared to its average volume of 1,967,452. The firm's fifty day simple moving average is $24.52 and its 200-day simple moving average is $27.89. The company has a market cap of $3.46 billion, a PE ratio of 29.39 and a beta of 1.37. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88.

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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 issued a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a yield of 1.98%. Clear Secure's payout ratio is currently 32.47%.

Analyst Ratings Changes

A number of research firms have issued reports on YOU. Stifel Nicolaus reduced their price target 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.