HighTower Advisors LLC Lowers Stock Holdings in Clear Secure, Inc. (NYSE:YOU)

HighTower Advisors LLC decreased its holdings in Clear Secure, Inc. (NYSE:YOU) by 32.5% in the 4th quarter, HoldingsChannel reports. The fund owned 53,940 shares of the company’s stock after selling 25,966 shares during the quarter. HighTower Advisors LLC’s holdings in Clear Secure were worth $1,437,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in YOU. GAMMA Investing LLC raised its holdings in Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after buying an additional 771 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after acquiring an additional 766 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Clear Secure in the 4th quarter worth about $83,000. Blue Trust Inc. increased its stake in shares of Clear Secure by 376.0% in the fourth 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 period. Finally, KBC Group NV grew its stake in shares of Clear Secure by 50.1% in the fourth quarter. KBC Group NV now owns 4,063 shares of the company’s stock worth $108,000 after purchasing an additional 1,357 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

Clear Secure Stock Up 3.4 %

NYSE:YOU opened at $26.56 on Tuesday. The firm has a market capitalization of $3.64 billion, a PE ratio of 30.89 and a beta of 1.37. The firm has a 50-day moving average price of $24.36 and a 200 day moving average price of $28.05. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88.

Clear Secure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s payout ratio is presently 32.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YOU. Stifel Nicolaus cut 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, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.