Oregon Public Employees Retirement Fund Raises Stake in Clear Secure, Inc. (NYSE:YOU)

Oregon Public Employees Retirement Fund raised its stake in Clear Secure, Inc. (NYSE:YOU) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,161 shares of the company’s stock after buying an additional 461 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Clear Secure were worth $590,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Clear Secure during the 3rd quarter worth $26,000. GAMMA Investing LLC grew its holdings in shares of Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after purchasing an additional 771 shares during the period. KBC Group NV purchased a new position in shares of Clear Secure during the 3rd quarter worth $90,000. Blue Trust Inc. grew its holdings in shares of Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock worth $91,000 after purchasing an additional 2,696 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Clear Secure by 468.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,790 shares of the company’s stock worth $181,000 after purchasing an additional 5,596 shares during the period. 73.80% of the stock is currently owned by hedge funds and other institutional investors.

Clear Secure Price Performance

YOU stock opened at $23.70 on Monday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 27.56 and a beta of 1.38. The business’s 50-day moving average is $24.84 and its two-hundred day moving average is $28.44. Clear Secure, Inc. has a 1 year low of $16.05 and a 1 year high of $38.88.

Clear Secure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, March 10th. Clear Secure’s dividend payout ratio is currently 32.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on YOU shares. Wedbush reiterated a “neutral” rating and set a $26.00 price target (up from $24.00) on shares of Clear Secure in a report on Thursday, November 7th. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of Clear Secure in a report on Thursday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Clear Secure has an average rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure Company 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.