Tower Research Capital LLC TRC Sells 9,758 Shares of Clear Secure, Inc. (NYSE:YOU)

Tower Research Capital LLC TRC decreased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 87.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,347 shares of the company’s stock after selling 9,758 shares during the period. Tower Research Capital LLC TRC’s holdings in Clear Secure were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Clear Secure by 3.9% in the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock valued at $333,718,000 after purchasing an additional 473,207 shares in the last quarter. Renaissance Technologies LLC increased its stake in Clear Secure by 15.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,698,159 shares of the company’s stock valued at $98,519,000 after acquiring an additional 501,000 shares during the last quarter. Wellington Management Group LLP raised its position in Clear Secure by 74.9% during the fourth quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock valued at $88,512,000 after purchasing an additional 1,422,999 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Clear Secure by 24,161.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock valued at $73,707,000 after purchasing an additional 1,463,748 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of NYSE:YOU opened at $25.03 on Thursday. Clear Secure, Inc. has a 52 week low of $16.48 and a 52 week high of $38.88. The firm has a market cap of $3.43 billion, a PE ratio of 29.10 and a beta of 1.25. The firm’s fifty day moving average is $25.71 and its 200-day moving average is $26.20.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share 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 company had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Sell-side analysts forecast that Clear Secure, Inc. will post 0.98 EPS for the current year.

Clear Secure Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on YOU shares. Stifel Nicolaus lowered their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $32.00 target price on shares of Clear Secure in a research note on Friday, May 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a report on Monday, March 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.