Los Angeles Capital Management LLC Invests $2.03 Million in Clear Secure, Inc. (NYSE:YOU)

Los Angeles Capital Management LLC bought a new position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,203 shares of the company's stock, valued at approximately $2,028,000.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Clear Secure in the 3rd quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of Clear Secure during the third quarter valued at about $33,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Clear Secure during the second quarter worth about $26,000. NBC Securities Inc. bought a new stake in shares of Clear Secure during the third quarter worth about $105,000. Finally, Plato Investment Management Ltd raised its holdings in shares of Clear Secure by 10,535.4% in the 2nd quarter. Plato Investment Management Ltd now owns 5,105 shares of the company's stock worth $96,000 after acquiring an additional 5,057 shares during the last quarter. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Telsey Advisory Group boosted their price objective on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wedbush reissued a "neutral" rating and issued a $26.00 price target (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a report on Monday, October 28th. The Goldman Sachs Group increased their target price on shares of Clear Secure from $27.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $32.67.

Clear Secure Stock Performance

YOU traded up $0.43 during midday trading on Thursday, reaching $26.90. The company had a trading volume of 2,441,013 shares, compared to its average volume of 1,775,891. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The business has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $25.02. The stock has a market cap of $3.75 billion, a PE ratio of 30.78 and a beta of 1.63.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The firm had revenue of $198.40 million for the quarter, compared to the consensus estimate of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company posted $0.20 earnings per share. On average, research analysts anticipate that Clear Secure, Inc. will post 1.01 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 1.86%. Clear Secure's dividend payout ratio is 46.51%.

Insider Transactions at Clear Secure

In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of Clear Secure stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total transaction of $46,575.00. Following the completion of the transaction, the chief accounting officer now owns 7,211 shares of the company's stock, valued at $223,901.55. The trade was a 17.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $34.08, for a total transaction of $5,112,000.00. The disclosure for this sale can be found here. Insiders sold 1,006,435 shares of company stock worth $32,173,077 over the last quarter. Corporate insiders own 37.85% of the company's stock.

Clear Secure 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.