Magnetar Financial LLC Acquires New Position in Clear Secure, Inc. (NYSE:YOU)

Magnetar Financial LLC purchased a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,994 shares of the company's stock, valued at approximately $692,000.

Other hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Clear Secure in the third quarter valued at approximately $2,010,000. Thrivent Financial for Lutherans purchased a new stake in Clear Secure in the 3rd quarter valued at $2,401,000. FMR LLC lifted its stake in Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock valued at $218,672,000 after acquiring an additional 1,547,692 shares in the last quarter. William Blair Investment Management LLC purchased a new position in Clear Secure during the 4th quarter worth $37,697,000. Finally, Principal Financial Group Inc. boosted its holdings in Clear Secure by 3,937.1% during the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company's stock worth $15,866,000 after acquiring an additional 466,901 shares during the last quarter. Institutional investors and hedge funds own 73.80% of the company's stock.

Clear Secure Stock Performance

YOU stock traded down $0.48 during mid-day trading on Wednesday, hitting $27.03. The company had a trading volume of 1,633,126 shares, compared to its average volume of 1,908,948. The firm has a market cap of $3.70 billion, a PE ratio of 31.43 and a beta of 1.37. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The stock's fifty day moving average price is $24.38 and its two-hundred day moving average price is $28.04.

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Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.50 annualized dividend and a yield of 1.85%. Clear Secure's payout ratio is 32.47%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on YOU shares. Telsey Advisory Group reissued an "outperform" rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday. Finally, Stifel Nicolaus reduced their target price on Clear Secure from $32.00 to $26.00 and set a "hold" rating for the company 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

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.