Teacher Retirement System of Texas Buys Shares of 13,025 CLEAR Secure, Inc. (NYSE:YOU)

Teacher Retirement System of Texas acquired a new position in CLEAR Secure, Inc. (NYSE:YOU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,025 shares of the company’s stock, valued at approximately $337,000.

Other institutional investors have also made changes to their positions in the company. Harbor Investment Advisory LLC bought a new position in CLEAR Secure during the first quarter valued at about $27,000. Fifth Third Bancorp increased its stake in CLEAR Secure by 217.0% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $29,000 after acquiring an additional 764 shares during the period. Huntington National Bank bought a new position in CLEAR Secure during the fourth quarter valued at about $35,000. First Horizon Advisors Inc. increased its stake in CLEAR Secure by 72.0% during the first quarter. First Horizon Advisors Inc. now owns 1,474 shares of the company’s stock valued at $38,000 after acquiring an additional 617 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its stake in CLEAR Secure by 113,800.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company’s stock valued at $61,000 after acquiring an additional 2,276 shares during the period. 73.80% of the stock is currently owned by institutional investors.

CLEAR Secure Trading Down 2.6%

NYSE YOU opened at $30.35 on Friday. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.97 and a beta of 1.25. CLEAR Secure, Inc. has a 1-year low of $18.23 and a 1-year high of $38.88. The stock’s 50 day moving average is $26.39 and its two-hundred day moving average is $25.56.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $211.40 million during the quarter, compared to analyst estimates of $208.02 million. CLEAR Secure had a return on equity of 115.09% and a net margin of 21.96%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. On average, analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current year.

CLEAR Secure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, June 10th. CLEAR Secure’s payout ratio is currently 31.25%.

Insider Activity at CLEAR Secure

In other news, Director Kenneth L. Cornick sold 315,591 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $25.02, for a total value of $7,896,086.82. Following the transaction, the director directly owned 64,935 shares of the company’s stock, valued at $1,624,673.70. The trade was a 82.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adam Wiener sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $30.00, for a total transaction of $150,000.00. Following the completion of the transaction, the director owned 207,634 shares of the company’s stock, valued at $6,229,020. This trade represents a 2.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 965,964 shares of company stock worth $24,388,299 over the last three months. 39.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on YOU. Telsey Advisory Group restated an “outperform” rating and set a $32.00 price target on shares of CLEAR Secure in a research note on Friday, May 9th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of CLEAR Secure in a research note on Monday, March 24th. Finally, Wall Street Zen lowered CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.