American Century Companies Inc. Grows Holdings in Clear Secure, Inc. (NYSE:YOU)

American Century Companies Inc. raised its position in Clear Secure, Inc. (NYSE:YOU) by 91.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,719 shares of the company’s stock after buying an additional 25,194 shares during the period. American Century Companies Inc.’s holdings in Clear Secure were worth $986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. purchased a new stake in shares of Clear Secure during the first quarter worth about $26,000. Quarry LP boosted its holdings in Clear Secure by 86.4% in the 4th quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after purchasing an additional 1,163 shares during the last quarter. CWM LLC boosted its holdings in Clear Secure by 968.0% in the 2nd quarter. CWM LLC now owns 7,252 shares of the company’s stock valued at $136,000 after purchasing an additional 6,573 shares during the last quarter. nVerses Capital LLC acquired a new position in Clear Secure in the 2nd quarter valued at about $137,000. Finally, Brown Lisle Cummings Inc. boosted its holdings in Clear Secure by 11.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 8,800 shares of the company’s stock valued at $165,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Insider Activity at Clear Secure

In other news, insider Richard N. Jr. Patterson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.08, for a total transaction of $165,600.00. Following the completion of the transaction, the insider now directly owns 34,227 shares in the company, valued at approximately $755,732.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Clear Secure news, Director Alclear Investments Ii, Llc sold 150,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $33.04, for a total value of $4,956,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $22.08, for a total value of $165,600.00. Following the completion of the sale, the insider now directly owns 34,227 shares of the company’s stock, valued at approximately $755,732.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,023,935 shares of company stock worth $31,714,532. 37.85% of the stock is owned by corporate insiders.

Clear Secure Price Performance

YOU stock opened at $33.14 on Tuesday. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $33.85. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 59.18 and a beta of 1.65. The firm has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $21.82.

Clear Secure (NYSE:YOU) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $183.78 million. Clear Secure had a net margin of 10.36% and a return on equity of 35.33%. Clear Secure’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 EPS. As a group, analysts expect that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.21%. Clear Secure’s dividend payout ratio is 71.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $34.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.20.

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.