New York State Teachers Retirement System Buys 9,380 Shares of Clear Secure, Inc. (NYSE:YOU)

New York State Teachers Retirement System grew its holdings in Clear Secure, Inc. (NYSE:YOU) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,756 shares of the company’s stock after purchasing an additional 9,380 shares during the quarter. New York State Teachers Retirement System’s holdings in Clear Secure were worth $1,272,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Penserra Capital Management LLC bought a new stake in shares of Clear Secure in the 3rd quarter valued at about $2,010,000. Foundry Partners LLC raised its holdings in shares of Clear Secure by 667.5% in the 3rd quarter. Foundry Partners LLC now owns 213,815 shares of the company’s stock valued at $7,086,000 after purchasing an additional 185,957 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Clear Secure in the 3rd quarter valued at about $2,401,000. Meritage Portfolio Management raised its holdings in shares of Clear Secure by 108.8% in the 3rd quarter. Meritage Portfolio Management now owns 36,450 shares of the company’s stock valued at $1,208,000 after purchasing an additional 18,994 shares in the last quarter. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Clear Secure in the 3rd quarter worth approximately $1,405,000. Institutional investors own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Clear Secure Stock Performance

NYSE:YOU opened at $23.58 on Monday. The company has a fifty day moving average of $25.12 and a two-hundred day moving average of $28.54. The stock has a market capitalization of $3.29 billion, a PE ratio of 27.42 and a beta of 1.38. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is 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.