Epoch Investment Partners Inc. Has $1.57 Million Stock Position in Clear Secure, Inc. (NYSE:YOU)

Epoch Investment Partners Inc. lifted its position in Clear Secure, Inc. (NYSE:YOU) by 26.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,614 shares of the company’s stock after buying an additional 15,269 shares during the period. Epoch Investment Partners Inc.’s holdings in Clear Secure were worth $1,566,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Arizona State Retirement System increased its holdings in shares of Clear Secure by 2.8% in the fourth quarter. Arizona State Retirement System now owns 21,143 shares of the company’s stock worth $437,000 after acquiring an additional 583 shares in the last quarter. Cornercap Investment Counsel Inc. raised its holdings in Clear Secure by 2.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 25,855 shares of the company’s stock worth $534,000 after buying an additional 700 shares during the period. Versor Investments LP lifted its stake in Clear Secure by 2.3% in the fourth quarter. Versor Investments LP now owns 44,795 shares of the company’s stock valued at $925,000 after buying an additional 1,017 shares in the last quarter. Quarry LP boosted its holdings in shares of Clear Secure by 86.4% in the fourth quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $52,000 after buying an additional 1,163 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in shares of Clear Secure in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Price Performance

Shares of YOU opened at $21.38 on Monday. The company has a market cap of $3.10 billion, a PE ratio of 38.11 and a beta of 1.58. The firm has a 50-day moving average of $18.61 and a 200-day moving average of $18.99. Clear Secure, Inc. has a one year low of $15.28 and a one year high of $27.75.

Clear Secure (NYSE:YOU) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.13. The business had revenue of $179.05 million during the quarter, compared to analysts’ expectations of $173.28 million. Clear Secure had a return on equity of 20.62% and a net margin of 7.90%. Analysts expect that Clear Secure, Inc. will post 0.82 earnings per share for the current year.

Clear Secure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Monday, June 10th. This is a boost from Clear Secure’s previous quarterly dividend of $0.09. Clear Secure’s dividend payout ratio is 71.43%.

Analyst Ratings Changes

A number of equities research analysts recently commented on YOU shares. Wedbush restated a “neutral” rating and set a $21.00 price objective on shares of Clear Secure in a report on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of Clear Secure in a research report on Friday, July 19th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $34.00 price objective on shares of Clear Secure in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Clear Secure currently has an average rating of “Hold” and an average target price of $28.40.

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.