Clear Secure, Inc. (NYSE:YOU) Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,661 shares of the company’s stock after purchasing an additional 509 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Clear Secure were worth $843,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its holdings in shares of Clear Secure by 50.5% in the 4th quarter. Intech Investment Management LLC now owns 31,254 shares of the company’s stock valued at $833,000 after buying an additional 10,487 shares during the period. William Blair Investment Management LLC bought a new position in Clear Secure in the fourth quarter worth about $37,697,000. Cibc World Markets Corp acquired a new position in Clear Secure in the fourth quarter valued at approximately $219,000. Harbour Investments Inc. grew its holdings in shares of Clear Secure by 23.0% during the fourth quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock valued at $64,000 after purchasing an additional 450 shares during the last quarter. Finally, Left Brain Wealth Management LLC acquired a new stake in shares of Clear Secure during the 4th quarter worth approximately $589,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on YOU. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a research report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus cut their price objective on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

Clear Secure Stock Performance

Shares of YOU stock opened at $25.70 on Monday. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88. The firm has a market capitalization of $3.52 billion, a PE ratio of 29.88 and a beta of 1.37. The stock has a fifty day moving average of $24.36 and a two-hundred day moving average of $28.07.

Clear Secure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s payout ratio is currently 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.