Nordea Investment Management AB Acquires 193,889 Shares of Clear Secure, Inc. (NYSE:YOU)

Nordea Investment Management AB boosted its position in Clear Secure, Inc. (NYSE:YOU - Free Report) by 425.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 239,440 shares of the company's stock after purchasing an additional 193,889 shares during the period. Nordea Investment Management AB owned approximately 0.15% of Clear Secure worth $5,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Clear Secure by 86.4% during the fourth quarter. Quarry LP now owns 2,509 shares of the company's stock valued at $52,000 after buying an additional 1,163 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Clear Secure by 108.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 7,545 shares of the company's stock valued at $156,000 after purchasing an additional 3,928 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Clear Secure by 56.2% in the 4th quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company's stock worth $211,000 after purchasing an additional 3,683 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Clear Secure in the 4th quarter worth approximately $212,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Clear Secure in the 1st quarter worth approximately $238,000. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

Clear Secure stock traded up $0.24 during midday trading on Wednesday, reaching $19.27. The stock had a trading volume of 783,440 shares, compared to its average volume of 1,496,555. Clear Secure, Inc. has a twelve month low of $15.28 and a twelve month high of $27.75. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 34.41 and a beta of 1.58. The firm's fifty day simple moving average is $17.91 and its two-hundred day simple moving average is $19.09.

Clear Secure (NYSE:YOU - Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.13. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. The company had revenue of $179.05 million during the quarter, compared to analyst estimates of $173.28 million. As a group, sell-side analysts predict that Clear Secure, Inc. will post 0.82 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.08%. This is a positive change from Clear Secure's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 10th. Clear Secure's dividend payout ratio is 71.43%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on YOU. Wedbush restated a "neutral" rating and issued a $21.00 price target on shares of Clear Secure in a research report on Wednesday, May 8th. Needham & Company LLC restated a "buy" rating and issued a $40.00 target price on shares of Clear Secure in a report on Wednesday, May 15th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $34.00 target price on shares of Clear Secure in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $28.40.

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.