Sanctuary Advisors LLC Acquires New Stake in Clear Secure, Inc. (NYSE:YOU)

Sanctuary Advisors LLC bought a new stake in Clear Secure, Inc. (NYSE:YOU - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,105 shares of the company's stock, valued at approximately $965,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Clear Secure in the 3rd quarter worth $480,000. Teachers Retirement System of The State of Kentucky purchased a new position in Clear Secure during the third quarter worth about $868,000. First Dallas Securities Inc. acquired a new position in Clear Secure in the 3rd quarter valued at about $263,000. Geode Capital Management LLC increased its holdings in shares of Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company's stock worth $77,788,000 after buying an additional 141,208 shares during the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Clear Secure during the 3rd quarter valued at approximately $11,382,000. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

YOU has been the subject of several recent analyst reports. Telsey Advisory Group raised their target price on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $45.00 target price on shares of Clear Secure in a research note on Monday, December 16th. 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. Finally, Stifel Nicolaus increased their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Clear Secure presently has an average rating of "Moderate Buy" and a consensus target price of $35.20.

Insider Transactions at Clear Secure

In other Clear Secure news, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 37.85% of the company's stock.

Clear Secure Stock Up 0.8 %

Clear Secure stock traded up $0.20 during mid-day trading on Monday, reaching $26.86. 1,070,934 shares of the company's stock were exchanged, compared to its average volume of 1,814,809. Clear Secure, Inc. has a twelve month low of $16.05 and a twelve month high of $38.88. The company has a market cap of $3.74 billion, a P/E ratio of 31.23 and a beta of 1.43. The company has a fifty day moving average of $30.18 and a 200-day moving average of $26.83.

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

Clear Secure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.86%. This is a positive change from Clear Secure's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure's dividend payout ratio (DPR) is presently 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.