Tealwood Asset Management Inc. Purchases Shares of 46,853 Clear Secure, Inc. (NYSE:YOU)

Tealwood Asset Management Inc. purchased a new stake in Clear Secure, Inc. (NYSE:YOU) during the 4th quarter, Holdings Channel reports. The firm purchased 46,853 shares of the company’s stock, valued at approximately $1,248,000.

Other hedge funds have also modified their holdings of the company. First Hawaiian Bank grew its holdings in Clear Secure by 325.6% during the 4th quarter. First Hawaiian Bank now owns 43,396 shares of the company’s stock valued at $1,156,000 after buying an additional 33,200 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Clear Secure by 22.5% during the fourth quarter. CWA Asset Management Group LLC now owns 29,404 shares of the company’s stock valued at $783,000 after acquiring an additional 5,406 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Clear Secure by 3.9% during the fourth quarter. Nordea Investment Management AB now owns 351,999 shares of the company’s stock valued at $9,465,000 after acquiring an additional 13,322 shares during the last quarter. GAMMA Investing LLC increased its position in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Clear Secure by 3,937.1% in the 3rd quarter. Principal Financial Group Inc. now owns 478,760 shares of the company’s stock valued at $15,866,000 after purchasing an additional 466,901 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Clear Secure Price Performance

Shares of YOU stock opened at $26.38 on Tuesday. The firm has a market cap of $3.68 billion, a P/E ratio of 30.67 and a beta of 1.41. The firm’s 50-day simple moving average is $27.22 and its 200-day simple moving average is $27.80. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88.

Clear Secure (NYSE:YOU) last issued its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. Clear Secure’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. Analysts expect that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Tuesday, December 10th. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. Clear Secure’s dividend payout ratio is 58.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Telsey Advisory Group raised their target price on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Finally, Wedbush reissued a “neutral” rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.20.

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.