Elo Mutual Pension Insurance Co Has $1.17 Million Holdings in CLEAR Secure, Inc. $YOU

Elo Mutual Pension Insurance Co decreased its position in CLEAR Secure, Inc. (NYSE:YOU) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,056 shares of the company’s stock after selling 15,241 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CLEAR Secure were worth $1,170,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Durable Capital Partners LP raised its position in shares of CLEAR Secure by 153.1% in the 2nd quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after acquiring an additional 4,531,161 shares in the last quarter. First Trust Advisors LP grew its stake in CLEAR Secure by 36.3% during the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after purchasing an additional 805,795 shares during the period. Goldman Sachs Group Inc. increased its holdings in CLEAR Secure by 35.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,633,346 shares of the company’s stock worth $42,320,000 after purchasing an additional 430,035 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in CLEAR Secure by 10.7% in the second quarter. JPMorgan Chase & Co. now owns 1,479,594 shares of the company’s stock valued at $41,074,000 after buying an additional 143,012 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in CLEAR Secure by 7.8% in the second quarter. Ameriprise Financial Inc. now owns 1,224,469 shares of the company’s stock valued at $33,991,000 after buying an additional 88,605 shares during the period. Institutional investors own 73.80% of the company’s stock.

CLEAR Secure Stock Down 2.3%

Shares of CLEAR Secure stock opened at $47.29 on Friday. CLEAR Secure, Inc. has a 52 week low of $23.00 and a 52 week high of $50.46. The business has a 50 day moving average price of $35.99 and a 200-day moving average price of $35.19. The company has a market cap of $6.30 billion, a PE ratio of 42.22 and a beta of 1.13.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $240.75 million during the quarter, compared to the consensus estimate of $235.66 million. CLEAR Secure had a return on equity of 70.08% and a net margin of 12.12%.CLEAR Secure’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. As a group, research analysts anticipate that CLEAR Secure, Inc. will post 0.98 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 129.0%. CLEAR Secure’s dividend payout ratio is currently 53.57%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group set a $61.00 price objective on shares of CLEAR Secure and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of CLEAR Secure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 3rd. Stifel Nicolaus upped their price objective on shares of CLEAR Secure from $38.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, February 26th. Wells Fargo & Company raised their target price on CLEAR Secure from $29.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen downgraded CLEAR Secure from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.57.

Insider Activity

In other CLEAR Secure news, CAO Dennis W. Liu sold 7,950 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $48.57, for a total value of $386,131.50. Following the completion of the sale, the chief accounting officer owned 10,960 shares in the company, valued at approximately $532,327.20. This trade represents a 42.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Z. Barkin sold 22,885 shares of CLEAR Secure stock in a transaction that occurred on Sunday, March 1st. The stock was sold at an average price of $48.22, for a total transaction of $1,103,514.70. Following the transaction, the president directly owned 5,669 shares in the company, valued at approximately $273,359.18. This represents a 80.15% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 135,020 shares of company stock worth $6,025,890. Company insiders own 39.73% of the company’s stock.

CLEAR Secure Company Profile

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.