Pacer Advisors Inc. Grows Position in Clear Secure, Inc. (NYSE:YOU)

Pacer Advisors Inc. increased its position in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) by 24,161.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,051,815 shares of the company's stock after purchasing an additional 3,039,236 shares during the period. Pacer Advisors Inc. owned 2.19% of Clear Secure worth $81,300,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Clear Secure during the second quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new stake in Clear Secure in the 3rd quarter valued at $26,000. GAMMA Investing LLC lifted its stake in Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of Clear Secure during the 3rd quarter valued at about $33,000. Finally, KBC Group NV purchased a new position in shares of Clear Secure during the third quarter valued at about $90,000. Hedge funds and other institutional investors own 73.80% of the company's stock.

Analyst Ratings Changes

YOU has been the subject of a number of recent research reports. 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 research note on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, December 16th. Telsey Advisory Group upped their price objective on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Wedbush reissued a "neutral" rating and set a $26.00 target price (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Clear Secure has an average rating of "Moderate Buy" and a consensus target price of $35.20.

Clear Secure Stock Performance

NYSE:YOU traded down $0.20 during mid-day trading on Monday, hitting $23.99. 887,378 shares of the company's stock traded hands, compared to its average volume of 1,597,075. The company has a market capitalization of $3.34 billion, a P/E ratio of 27.91 and a beta of 1.41. The company has a fifty day moving average of $26.45 and a 200 day moving average of $28.20. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The company had revenue of $198.40 million during the quarter, compared to analysts' expectations of $194.62 million. During the same period in the prior year, the business posted $0.20 EPS. The company's quarterly revenue was up 23.7% on a year-over-year basis. On average, research analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This is an increase from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 2.08%. Clear Secure's payout ratio is currently 58.14%.

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.