Rhumbline Advisers Sells 4,470 Shares of Clear Secure, Inc. (NYSE:YOU)

Rhumbline Advisers cut its holdings in Clear Secure, Inc. (NYSE:YOU) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 243,596 shares of the company’s stock after selling 4,470 shares during the period. Rhumbline Advisers’ holdings in Clear Secure were worth $6,489,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Clear Secure in the third quarter worth about $26,000. GAMMA Investing LLC increased its holdings in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the period. KBC Group NV purchased a new stake in Clear Secure in the 3rd quarter worth approximately $90,000. Blue Trust Inc. boosted its holdings in Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after purchasing an additional 2,696 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Clear Secure by 468.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company’s stock valued at $181,000 after purchasing an additional 5,596 shares in the last quarter. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on YOU shares. Telsey Advisory Group restated an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday, December 16th. Finally, Wedbush restated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Clear Secure Price Performance

Shares of YOU opened at $22.26 on Thursday. The firm has a market capitalization of $3.10 billion, a P/E ratio of 25.88 and a beta of 1.38. The business has a fifty day moving average of $24.95 and a 200 day moving average of $28.48. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is 58.14%.

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.