CWA Asset Management Group LLC Raises Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

CWA Asset Management Group LLC grew its stake in shares of Clear Secure, Inc. (NYSE:YOU) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,404 shares of the company’s stock after acquiring an additional 5,406 shares during the quarter. CWA Asset Management Group LLC’s holdings in Clear Secure were worth $783,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Clear Secure in the second quarter worth approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of Clear Secure during the 3rd quarter valued at $26,000. GAMMA Investing LLC boosted its stake in shares of Clear Secure by 221.6% in the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after buying an additional 771 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Clear Secure in the third quarter worth $33,000. Finally, KBC Group NV purchased a new stake in Clear Secure during the third quarter valued at $90,000. 73.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $34.08, for a total transaction of $5,112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 37.85% of the company’s stock.

Clear Secure Price Performance

Shares of NYSE:YOU opened at $26.89 on Wednesday. The company has a market capitalization of $3.75 billion, a P/E ratio of 31.27 and a beta of 1.41. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The firm’s 50 day simple moving average is $27.99 and its two-hundred day simple moving average is $27.57.

Clear Secure (NYSE:YOU) last released its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $198.40 million for the quarter, compared to analysts’ expectations of $194.62 million. Clear Secure had a return on equity of 48.28% and a net margin of 10.93%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. On average, sell-side analysts anticipate that Clear Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 10th were issued a $0.125 dividend. This is an increase from Clear Secure’s previous quarterly dividend of $0.10. This represents a $0.50 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Tuesday, December 10th. Clear Secure’s payout ratio is currently 58.14%.

Wall Street Analyst Weigh In

YOU has been the topic of several research reports. Wedbush reissued a “neutral” rating and issued a $26.00 target price (up from $24.00) on shares of Clear Secure in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of Clear Secure from $24.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Telsey Advisory Group increased their price target on shares of Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.20.

About Clear Secure

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.