Segall Bryant & Hamill LLC Lowers Stock Position in Clear Secure, Inc. (NYSE:YOU)

Segall Bryant & Hamill LLC cut its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,948 shares of the company’s stock after selling 46,561 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.11% of Clear Secure worth $4,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Clear Secure by 3.9% in the 4th 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 during the last quarter. FMR LLC grew its stake 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 valued at $218,672,000 after buying an additional 1,547,692 shares in the last quarter. State Street Corp raised its holdings in shares of 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 buying an additional 1,312,419 shares during the period. Pacer Advisors Inc. lifted its stake in Clear Secure by 24,161.2% during the 4th quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock worth $81,300,000 after acquiring an additional 3,039,236 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Clear Secure by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,346,854 shares of the company’s stock valued at $77,788,000 after acquiring an additional 141,208 shares during the period. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Stock Up 0.7 %

Shares of NYSE:YOU opened at $27.25 on Friday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The firm’s 50 day moving average price is $24.44 and its 200 day moving average price is $28.03. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 31.68 and a beta of 1.37.

Clear Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.125 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.84%. Clear Secure’s payout ratio is 32.47%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on YOU shares. Telsey Advisory Group reiterated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research note on Thursday, February 27th. Stifel Nicolaus reduced their target price 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 restated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Clear Secure currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.