Tealwood Asset Management Inc. Takes $1.25 Million Position in Clear Secure, Inc. (NYSE:YOU)

Tealwood Asset Management Inc. purchased a new stake in shares of Clear Secure, Inc. (NYSE:YOU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 46,853 shares of the company's stock, valued at approximately $1,248,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in shares of Clear Secure by 30.6% during the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company's stock worth $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp grew its position in shares of Clear Secure by 64.1% during the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company's stock valued at $111,381,000 after acquiring an additional 1,312,419 shares during the period. Renaissance Technologies LLC grew its position in shares of Clear Secure by 56.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,954,100 shares of the company's stock valued at $55,271,000 after acquiring an additional 1,066,400 shares during the period. Geode Capital Management LLC increased its stake 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 purchasing an additional 141,208 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Clear Secure by 56.3% in the 2nd quarter. Millennium Management LLC now owns 2,103,578 shares of the company's stock worth $39,358,000 after purchasing an additional 757,528 shares during the period. Hedge funds and other institutional investors own 73.80% of the company's stock.

Clear Secure Stock Up 0.3 %

Shares of NYSE:YOU traded up $0.07 during midday trading on Tuesday, hitting $26.57. 1,430,014 shares of the stock traded hands, compared to its average volume of 1,146,239. The business's 50 day moving average is $27.22 and its two-hundred day moving average is $27.80. The stock has a market capitalization of $3.70 billion, a PE ratio of 30.90 and a beta of 1.41. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure (NYSE:YOU - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (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 analysts' expectations of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. As a group, sell-side analysts forecast that Clear Secure, Inc. will post 0.98 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared 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. This is a boost from Clear Secure's previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, December 10th. Clear Secure's dividend payout ratio (DPR) is 58.14%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on YOU. Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their price target on shares of Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Needham & Company LLC restated a "buy" rating and issued a $45.00 price objective on shares of Clear Secure in a research report on Monday, December 16th. Finally, Wedbush restated a "neutral" rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Clear Secure has an average rating of "Moderate Buy" and an average target price of $35.20.

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.