Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 50.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,254 shares of the company’s stock after purchasing an additional 10,487 shares during the period. Intech Investment Management LLC’s holdings in Clear Secure were worth $833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Clear Secure by 30.6% in the third quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after acquiring an additional 1,547,692 shares during the last quarter. State Street Corp raised its stake in Clear Secure by 64.1% in the 3rd quarter. State Street Corp now owns 3,360,945 shares of the company’s stock valued at $111,381,000 after purchasing an additional 1,312,419 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Clear Secure by 24,161.2% in the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after purchasing an additional 3,039,236 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock worth $77,788,000 after purchasing an additional 141,208 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Clear Secure during the third quarter worth about $62,950,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on YOU shares. Stifel Nicolaus decreased their target price on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Stock Down 3.5 %

NYSE:YOU opened at $25.70 on Monday. The company has a market cap of $3.52 billion, a P/E ratio of 29.88 and a beta of 1.37. The firm’s 50 day moving average is $24.36 and its two-hundred day moving average is $28.07. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s payout ratio is currently 32.47%.

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.