LGT Fund Management Co Ltd. Buys Shares of 103,357 Clear Secure, Inc. (NYSE:YOU)

LGT Fund Management Co Ltd. acquired a new position in shares of 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 firm acquired 103,357 shares of the company's stock, valued at approximately $2,753,000. LGT Fund Management Co Ltd. owned 0.07% of Clear Secure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Clear Secure in the 3rd quarter valued at about $26,000. GAMMA Investing LLC increased its holdings in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after purchasing an additional 771 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares during the period. KBC Group NV bought a new position in Clear Secure during the 3rd quarter worth approximately $90,000. Finally, SBI Securities Co. Ltd. bought a new position in Clear Secure during the fourth quarter worth $83,000. Institutional investors and hedge funds own 73.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on YOU shares. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Wedbush reaffirmed a "neutral" rating and issued a $26.00 price objective (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus decreased their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research report 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 note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Clear Secure presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Remove Ads

Clear Secure Price Performance

NYSE:YOU traded up $0.12 during trading hours on Thursday, hitting $25.12. The stock had a trading volume of 2,878,591 shares, compared to its average volume of 2,103,648. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.20 and a beta of 1.38. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The company has a 50 day simple moving average of $24.67 and a two-hundred day simple moving average of $28.35.

Clear Secure Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's payout ratio is 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.