Jacobi Capital Management LLC Takes $2.99 Million Position in Clear Secure, Inc. (NYSE:YOU)

Jacobi Capital Management LLC bought a new position in shares of Clear Secure, Inc. (NYSE:YOU) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 112,183 shares of the company’s stock, valued at approximately $2,989,000. Jacobi Capital Management LLC owned 0.08% of Clear Secure as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock valued at $218,672,000 after purchasing an additional 1,547,692 shares during the period. State Street Corp lifted its stake 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 purchasing an additional 1,312,419 shares during the period. Pacer Advisors Inc. lifted its stake in shares of 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 during the period. Geode Capital Management LLC increased its position 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 buying an additional 141,208 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Clear Secure during the 3rd quarter valued at approximately $62,950,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on YOU. Wedbush reaffirmed a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a research report on Thursday. Finally, Stifel Nicolaus reduced their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Clear Secure presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Price Performance

YOU stock opened at $23.70 on Friday. The company has a market cap of $3.30 billion, a P/E ratio of 27.56 and a beta of 1.38. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The stock’s fifty day moving average price is $24.84 and its 200-day moving average price is $28.42.

Clear Secure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.125 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.11%. Clear Secure’s dividend payout ratio (DPR) is currently 58.14%.

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.