Los Angeles Capital Management LLC Decreases Stake in Clear Secure, Inc. (NYSE:YOU)

Los Angeles Capital Management LLC lowered its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,099 shares of the company's stock after selling 30,104 shares during the quarter. Los Angeles Capital Management LLC's holdings in Clear Secure were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Clear Secure by 28.9% during the fourth quarter. Bank of New York Mellon Corp now owns 931,899 shares of the company's stock worth $24,826,000 after purchasing an additional 209,029 shares during the period. Navellier & Associates Inc. purchased a new position in shares of Clear Secure during the fourth quarter valued at approximately $1,056,000. Ieq Capital LLC bought a new position in shares of Clear Secure during the fourth quarter valued at approximately $546,000. Principal Financial Group Inc. raised its holdings in shares of Clear Secure by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 507,631 shares of the company's stock valued at $13,523,000 after acquiring an additional 28,871 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company's stock worth $91,000 after acquiring an additional 2,696 shares during the period. 73.80% of the stock is currently owned by institutional investors.

Clear Secure Stock Down 0.2 %

YOU traded down $0.05 during midday trading on Thursday, reaching $24.95. The company had a trading volume of 1,238,972 shares, compared to its average volume of 2,063,364. The business has a 50-day moving average of $24.67 and a two-hundred day moving average of $28.35. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The company has a market cap of $3.48 billion, a P/E ratio of 29.03 and a beta of 1.38.

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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 dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure's dividend payout ratio is currently 32.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on YOU. Wedbush reissued a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

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.