Hodges Capital Management Inc. Has $7.22 Million Stake in CLEAR Secure, Inc. $YOU

Hodges Capital Management Inc. decreased its position in shares of CLEAR Secure, Inc. (NYSE:YOU) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 205,700 shares of the company’s stock after selling 36,550 shares during the period. Hodges Capital Management Inc.’s holdings in CLEAR Secure were worth $7,216,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of YOU. Royal Bank of Canada increased its holdings in shares of CLEAR Secure by 59.7% during the first quarter. Royal Bank of Canada now owns 271,498 shares of the company’s stock worth $7,034,000 after buying an additional 101,476 shares in the last quarter. Amundi increased its holdings in shares of CLEAR Secure by 62.5% during the first quarter. Amundi now owns 3,743 shares of the company’s stock worth $97,000 after buying an additional 1,440 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of CLEAR Secure during the first quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CLEAR Secure by 5.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,755 shares of the company’s stock worth $1,367,000 after buying an additional 2,801 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of CLEAR Secure by 64.7% during the first quarter. NewEdge Advisors LLC now owns 4,583 shares of the company’s stock worth $119,000 after buying an additional 1,801 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

YOU has been the subject of several recent analyst reports. Needham & Company LLC raised their price objective on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of CLEAR Secure from $42.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Telsey Advisory Group raised their price objective on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company raised their price target on shares of CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insiders Place Their Bets

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction on 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 in the company, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 23,962 shares of company stock valued at $1,360,146. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Stock Performance

YOU opened at $51.92 on Thursday. The company has a fifty day moving average price of $55.05 and a two-hundred day moving average price of $44.22. CLEAR Secure, Inc. has a 52 week low of $24.06 and a 52 week high of $62.73. The firm has a market capitalization of $6.92 billion, a PE ratio of 41.87 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, May 6th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $244.38 million. During the same quarter in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Equities analysts forecast that CLEAR Secure, Inc. will post 1.78 EPS for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 10th. CLEAR Secure’s payout ratio is currently 48.39%.

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.