Trexquant Investment LP Trims Holdings in Clear Secure, Inc. (NYSE:YOU)

Trexquant Investment LP trimmed its stake in Clear Secure, Inc. (NYSE:YOU - Free Report) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,899 shares of the company's stock after selling 31,047 shares during the quarter. Trexquant Investment LP owned 0.14% of Clear Secure worth $5,139,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC bought a new position in Clear Secure in the 3rd quarter worth about $690,000. The Manufacturers Life Insurance Company grew its holdings in shares of Clear Secure by 6.1% during the third quarter. The Manufacturers Life Insurance Company now owns 46,461 shares of the company's stock valued at $1,540,000 after buying an additional 2,689 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Clear Secure by 96.6% during the third quarter. HighTower Advisors LLC now owns 79,906 shares of the company's stock valued at $2,644,000 after acquiring an additional 39,270 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Clear Secure in the 3rd quarter worth approximately $956,000. Finally, Stifel Financial Corp lifted its position in Clear Secure by 90.3% in the 3rd quarter. Stifel Financial Corp now owns 32,765 shares of the company's stock valued at $1,086,000 after acquiring an additional 15,547 shares in the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Telsey Advisory Group restated an "outperform" rating and issued a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Clear Secure from $32.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $45.00 price objective on shares of Clear Secure in a research report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $34.00.

Remove Ads

Clear Secure Stock Performance

Shares of NYSE YOU traded down $0.72 during midday trading on Thursday, hitting $25.47. 278,484 shares of the company's stock traded hands, compared to its average volume of 1,989,002. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 29.72 and a beta of 1.25. The firm has a fifty day moving average of $24.66 and a 200 day moving average of $27.58. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, March 10th. Clear Secure's dividend payout ratio is presently 32.47%.

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.