Brown Advisory Inc. Has $42.94 Million Holdings in Clear Secure, Inc. (NYSE:YOU)

Brown Advisory Inc. decreased its holdings in shares of Clear Secure, Inc. (NYSE:YOU) by 19.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,611,693 shares of the company’s stock after selling 379,604 shares during the period. Brown Advisory Inc.’s holdings in Clear Secure were worth $42,936,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Clear Secure by 24,161.2% in the fourth quarter. Pacer Advisors Inc. now owns 3,051,815 shares of the company’s stock valued at $81,300,000 after purchasing an additional 3,039,236 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Clear Secure by 112.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,766,798 shares of the company’s stock valued at $73,707,000 after buying an additional 1,463,748 shares during the last quarter. Wellington Management Group LLP boosted its position in Clear Secure by 74.9% during the 4th quarter. Wellington Management Group LLP now owns 3,322,514 shares of the company’s stock worth $88,512,000 after buying an additional 1,422,999 shares during the period. William Blair Investment Management LLC acquired a new position in Clear Secure in the 4th quarter valued at approximately $37,697,000. Finally, Copeland Capital Management LLC acquired a new position in Clear Secure in the 4th quarter valued at approximately $30,724,000. Institutional investors own 73.80% of the company’s stock.

Clear Secure Stock Performance

Shares of YOU stock opened at $25.12 on Tuesday. Clear Secure, Inc. has a fifty-two week low of $16.05 and a fifty-two week high of $38.88. The stock has a 50 day simple moving average of $25.60 and a two-hundred day simple moving average of $26.60. The company has a market cap of $3.44 billion, a P/E ratio of 29.21 and a beta of 1.25.

Clear Secure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 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 32.47%.

Analyst Ratings Changes

YOU has been the topic of several analyst reports. Telsey Advisory Group reduced their price objective on shares of Clear Secure from $42.00 to $32.00 and set an “outperform” rating on the stock in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target on shares of Clear Secure in a research report on Monday, March 24th. Finally, Stifel Nicolaus lowered their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Clear Secure 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.