Ameriprise Financial Inc. Lowers Holdings in Clear Secure, Inc. (NYSE:YOU)

Ameriprise Financial Inc. reduced its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,137,820 shares of the company’s stock after selling 151,835 shares during the period. Ameriprise Financial Inc. owned 0.82% of Clear Secure worth $30,312,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of YOU. GAMMA Investing LLC boosted its holdings in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares during the last quarter. Huntington National Bank purchased a new position in shares of Clear Secure in the 4th quarter worth $35,000. SRS Capital Advisors Inc. boosted its holdings in Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock valued at $57,000 after acquiring an additional 766 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in Clear Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after acquiring an additional 2,276 shares during the period. Finally, Harbour Investments Inc. increased its stake in Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after acquiring an additional 450 shares during the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Price Performance

Shares of NYSE YOU opened at $24.96 on Wednesday. Clear Secure, Inc. has a 1-year low of $16.48 and a 1-year high of $38.88. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 29.02 and a beta of 1.25. The business has a 50-day moving average of $25.72 and a 200-day moving average of $26.21.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same period last year, the business earned $0.28 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. Research analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.00%. Clear Secure’s dividend payout ratio is currently 31.25%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on YOU shares. Telsey Advisory Group restated an “outperform” rating and issued a $32.00 price objective on shares of Clear Secure in a report on Friday, May 9th. Stifel Nicolaus cut 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 reiterated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.00.

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.