Sirios Capital Management L P Increases Position in Clear Secure, Inc. (NYSE:YOU)

Sirios Capital Management L P increased its position in shares of Clear Secure, Inc. (NYSE:YOU) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,114 shares of the company’s stock after purchasing an additional 3,364 shares during the period. Sirios Capital Management L P’s holdings in Clear Secure were worth $2,161,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in Clear Secure by 90.3% during the 3rd quarter. Stifel Financial Corp now owns 32,765 shares of the company’s stock valued at $1,086,000 after acquiring an additional 15,547 shares during the period. Virtu Financial LLC acquired a new position in shares of Clear Secure in the 3rd quarter valued at $480,000. Tidal Investments LLC purchased a new stake in Clear Secure in the third quarter valued at $1,026,000. Franklin Resources Inc. boosted its position in shares of Clear Secure by 10.9% in the 3rd quarter. Franklin Resources Inc. now owns 46,175 shares of the company’s stock valued at $1,612,000 after purchasing an additional 4,527 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Clear Secure during the third quarter worth approximately $20,243,000. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Price Performance

Shares of YOU stock opened at $25.70 on Wednesday. The company’s fifty day moving average price is $25.21 and its two-hundred day moving average price is $27.24. The firm has a market capitalization of $3.52 billion, a P/E ratio of 29.88 and a beta of 1.25. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88.

Clear Secure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date was Monday, March 10th. Clear Secure’s dividend payout ratio is currently 32.47%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on YOU. Stifel Nicolaus lowered their target price on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Clear Secure has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.