Great Lakes Advisors LLC Acquires New Shares in CLEAR Secure, Inc. $YOU

Great Lakes Advisors LLC bought a new stake in CLEAR Secure, Inc. (NYSE:YOU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,851 shares of the company’s stock, valued at approximately $1,329,000.

Other institutional investors have also recently bought and sold shares of the company. One Capital Management LLC bought a new stake in shares of CLEAR Secure during the 4th quarter valued at approximately $1,270,000. Ashford Capital Management Inc. increased its position in CLEAR Secure by 97.5% during the 1st quarter. Ashford Capital Management Inc. now owns 533,268 shares of the company’s stock worth $25,816,000 after purchasing an additional 263,218 shares in the last quarter. Hussman Strategic Advisors Inc. lifted its stake in CLEAR Secure by 50.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock valued at $2,210,000 after purchasing an additional 21,000 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in CLEAR Secure in the 2nd quarter valued at approximately $82,542,000. Finally, Jupiter Asset Management Ltd. boosted its position in CLEAR Secure by 260.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after buying an additional 635,400 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

CLEAR Secure Price Performance

YOU opened at $43.29 on Friday. CLEAR Secure, Inc. has a fifty-two week low of $29.43 and a fifty-two week high of $69.07. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 29.45 and a beta of 1.06. The company’s 50 day moving average price is $52.49 and its two-hundred day moving average price is $50.32.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $277.76 million during the quarter, compared to analysts’ expectations of $269.71 million. CLEAR Secure had a net margin of 14.78% and a return on equity of 71.51%. The company’s revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 EPS. As a group, equities research analysts predict that CLEAR Secure, Inc. will post 1.71 EPS for the current year.

CLEAR Secure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. CLEAR Secure’s dividend payout ratio is presently 40.82%.

Analyst Ratings Changes

A number of analysts have weighed in on YOU shares. Stifel Nicolaus set a $60.00 target price on shares of CLEAR Secure in a research note on Thursday, May 7th. Weiss Ratings cut CLEAR Secure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Wells Fargo & Company raised their price objective on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded CLEAR Secure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, DA Davidson lowered their target price on CLEAR Secure from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CLEAR Secure presently has a consensus rating of “Hold” and an average price target of $58.57.

Insiders Place Their Bets

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total value of $449,600.00. Following the completion of the sale, the executive vice president owned 29,519 shares in the company, valued at $1,658,967.80. This trade represents a 21.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.70% of the company’s stock.

CLEAR Secure Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.