Los Angeles Capital Management LLC Has $828,000 Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

Los Angeles Capital Management LLC lessened its holdings in Clear Secure, Inc. (NYSE:YOU) by 49.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,099 shares of the company’s stock after selling 30,104 shares during the period. Los Angeles Capital Management LLC’s holdings in Clear Secure were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in Clear Secure by 28.9% during the fourth quarter. Bank of New York Mellon Corp now owns 931,899 shares of the company’s stock worth $24,826,000 after purchasing an additional 209,029 shares during the period. Navellier & Associates Inc. bought a new stake in shares of Clear Secure during the 4th quarter valued at approximately $1,056,000. Ieq Capital LLC bought a new stake in shares of Clear Secure during the 4th quarter valued at approximately $546,000. Principal Financial Group Inc. increased its position in Clear Secure by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 507,631 shares of the company’s stock worth $13,523,000 after purchasing an additional 28,871 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Clear Secure by 376.0% in the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after purchasing an additional 2,696 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Clear Secure Trading Up 5.1 %

NYSE YOU opened at $23.70 on Monday. The firm has a market capitalization of $3.30 billion, a PE ratio of 27.56 and a beta of 1.38. The business’s 50-day moving average price is $24.84 and its two-hundred day moving average price is $28.44. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio is presently 32.47%.

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.