D. E. Shaw & Co. Inc. Sells 254,318 Shares of Clear Secure, Inc. (NYSE:YOU)

D. E. Shaw & Co. Inc. trimmed its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 74.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,172 shares of the company’s stock after selling 254,318 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Clear Secure worth $2,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its holdings in Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after acquiring an additional 450 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Clear Secure by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,161 shares of the company’s stock worth $590,000 after acquiring an additional 461 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Clear Secure by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 31,661 shares of the company’s stock worth $843,000 after acquiring an additional 509 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Clear Secure by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,737 shares of the company’s stock worth $499,000 after acquiring an additional 612 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Clear Secure by 56.1% during the 4th 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. 73.80% of the stock is owned by institutional investors.

Clear Secure Stock Up 1.7%

Clear Secure stock opened at $25.15 on Wednesday. Clear Secure, Inc. has a 12-month low of $16.48 and a 12-month high of $38.88. The firm’s fifty day moving average is $25.69 and its 200 day moving average is $25.79. The company has a market capitalization of $3.44 billion, a PE ratio of 29.24 and a beta of 1.25.

Clear Secure (NYSE:YOU) last released its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Clear Secure had a net margin of 10.93% and a return on equity of 48.28%. The company had revenue of $211.40 million for the quarter, compared to analyst estimates of $208.02 million. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. Sell-side analysts expect that Clear Secure, Inc. will post 0.98 EPS for the current fiscal year.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.99%. Clear Secure’s payout ratio is presently 31.25%.

Insider Activity at Clear Secure

In other Clear Secure news, Director Kenneth L. Cornick sold 291,466 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $25.05, for a total transaction of $7,301,223.30. Following the transaction, the director now owns 64,935 shares in the company, valued at approximately $1,626,621.75. This represents a 81.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 39.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Clear Secure in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a research note on Monday, March 24th. Finally, Stifel Nicolaus reduced their price objective on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

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.