SG Americas Securities LLC Has $3.44 Million Holdings in CLEAR Secure, Inc. $YOU

SG Americas Securities LLC increased its holdings in shares of CLEAR Secure, Inc. (NYSE:YOU) by 689.0% during the first quarter, Holdings Channel.com reports. The fund owned 71,132 shares of the company’s stock after purchasing an additional 62,116 shares during the quarter. SG Americas Securities LLC’s holdings in CLEAR Secure were worth $3,444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. One Capital Management LLC acquired a new stake in shares of CLEAR Secure in the fourth quarter valued at approximately $1,270,000. First Trust Advisors LP boosted its stake in shares of CLEAR Secure by 1.2% in the third quarter. First Trust Advisors LP now owns 3,063,062 shares of the company’s stock valued at $102,245,000 after buying an additional 35,304 shares during the period. Black Swift Group LLC acquired a new stake in CLEAR Secure during the third quarter worth approximately $907,000. CWA Asset Management Group LLC grew its position in CLEAR Secure by 210.8% during the fourth quarter. CWA Asset Management Group LLC now owns 61,169 shares of the company’s stock worth $2,146,000 after buying an additional 41,485 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. increased its stake in CLEAR Secure by 50.0% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock worth $2,210,000 after acquiring an additional 21,000 shares during the period. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insider Activity at CLEAR Secure

In other CLEAR Secure news, insider Jonathan Schlegel sold 4,412 shares of CLEAR Secure stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $59.02, for a total value of $260,396.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael Z. Barkin sold 11,550 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $56.29, for a total value of $650,149.50. Following the transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. The trade was a 33.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,962 shares of company stock valued at $1,360,146 over the last ninety days. 39.73% of the stock is owned by corporate insiders.

CLEAR Secure Price Performance

Shares of YOU opened at $55.66 on Wednesday. The firm has a 50 day simple moving average of $55.71 and a two-hundred day simple moving average of $45.98. CLEAR Secure, Inc. has a one year low of $27.23 and a one year high of $62.73. The company has a market cap of $7.42 billion, a P/E ratio of 44.89 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last issued its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $244.38 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. On average, analysts expect that CLEAR Secure, Inc. will post 1.78 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.60 annualized dividend and a yield of 1.1%. CLEAR Secure’s dividend payout ratio (DPR) is 48.39%.

Analyst Ratings Changes

Several equities analysts have weighed in on YOU shares. Wells Fargo & Company lifted their price objective on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Wall Street Zen upgraded CLEAR Secure from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 15th. Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of CLEAR Secure in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.00.

CLEAR Secure 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.