Pacer Advisors Inc. Increases Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Pacer Advisors Inc. boosted its position in shares of Clear Secure, Inc. (NYSE:YOU) by 24,161.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,051,815 shares of the company’s stock after acquiring an additional 3,039,236 shares during the period. Pacer Advisors Inc. owned 2.19% of Clear Secure worth $81,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV increased its stake in Clear Secure by 50.1% in the 4th quarter. KBC Group NV now owns 4,063 shares of the company’s stock worth $108,000 after acquiring an additional 1,357 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Clear Secure by 376.0% during the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after purchasing an additional 2,696 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Clear Secure by 468.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company’s stock worth $181,000 after purchasing an additional 5,596 shares during the last quarter. Hanseatic Management Services Inc. purchased a new stake in Clear Secure in the fourth quarter valued at approximately $446,000. Finally, Arkadios Wealth Advisors raised its stake in Clear Secure by 15.5% in the fourth quarter. Arkadios Wealth Advisors now owns 13,742 shares of the company’s stock valued at $366,000 after purchasing an additional 1,848 shares in the last quarter. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Telsey Advisory Group increased their target price on Clear Secure from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Monday, December 16th. Finally, Wedbush reissued a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Clear Secure has an average rating of “Moderate Buy” and an average price target of $35.20.

Clear Secure Price Performance

YOU stock opened at $24.12 on Monday. The company has a market cap of $3.36 billion, a P/E ratio of 28.04 and a beta of 1.41. The firm has a 50-day moving average of $26.45 and a 200 day moving average of $28.20. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure (NYSE:YOU) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million for the quarter, compared to the consensus estimate 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 was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. On average, 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 2.07%. 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.