Ulland Investment Advisors LLC Has $183,000 Stake in Clear Secure, Inc. (NYSE:YOU)

Ulland Investment Advisors LLC reduced its holdings in Clear Secure, Inc. (NYSE:YOU) by 17.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,855 shares of the company’s stock after selling 1,435 shares during the quarter. Ulland Investment Advisors LLC’s holdings in Clear Secure were worth $183,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YOU. Hsbc Holdings PLC grew its position in shares of Clear Secure by 0.5% during the 2nd quarter. Hsbc Holdings PLC now owns 78,968 shares of the company’s stock worth $1,467,000 after buying an additional 409 shares during the period. Truist Financial Corp boosted its stake in Clear Secure by 2.0% during the 2nd quarter. Truist Financial Corp now owns 29,061 shares of the company’s stock worth $544,000 after acquiring an additional 582 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Clear Secure during the third quarter valued at approximately $26,000. GAMMA Investing LLC increased its stake in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in Clear Secure in the third quarter worth $33,000. 73.80% of the stock is owned by institutional investors.

Clear Secure Price Performance

YOU opened at $26.01 on Tuesday. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 30.24 and a beta of 1.41. The business’s 50-day moving average price is $26.64 and its two-hundred day moving average price is $28.05. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure (NYSE:YOU) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The firm had revenue of $198.40 million during the quarter, compared to analyst estimates of $194.62 million. During the same period in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate 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 issued a dividend of $0.125 per share. This is a boost from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.92%. Clear Secure’s dividend payout ratio is presently 58.14%.

Analyst Upgrades and Downgrades

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

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.