Landscape Capital Management L.L.C. Purchases Shares of 50,557 Clear Secure, Inc. (NYSE:YOU)

Landscape Capital Management L.L.C. bought a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,557 shares of the company's stock, valued at approximately $1,347,000.

A number of other institutional investors have also recently added to or reduced their stakes in YOU. Raymond James Financial Inc. bought a new position in shares of Clear Secure during the 4th quarter valued at $1,695,000. William Blair Investment Management LLC acquired a new stake in shares of Clear Secure in the fourth quarter worth $37,697,000. Principal Financial Group Inc. raised its position in shares of Clear Secure by 3,937.1% during the third quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock valued at $15,866,000 after buying an additional 466,901 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Clear Secure by 6.4% in the third quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock valued at $77,788,000 after buying an additional 141,208 shares during the period. Finally, State Street Corp increased its holdings 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. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on YOU shares. Telsey Advisory Group restated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Finally, Stifel Nicolaus lowered their target price on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Two 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 has a consensus rating of "Moderate Buy" and an average target price of $34.00.

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Clear Secure Stock Down 2.2 %

Shares of NYSE:YOU traded down $0.57 during midday trading on Thursday, hitting $25.62. The stock had a trading volume of 375,799 shares, compared to its average volume of 1,989,411. The company's 50-day moving average price is $24.66 and its 200-day moving average price is $27.58. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The company has a market capitalization of $3.51 billion, a P/E ratio of 29.95 and a beta of 1.25.

Clear Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio (DPR) is 32.47%.

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.