Epoch Investment Partners Inc. Raises Stake in CLEAR Secure, Inc. $YOU

Epoch Investment Partners Inc. increased its position in shares of CLEAR Secure, Inc. (NYSE:YOUFree Report) by 549.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 100,475 shares of the company’s stock after acquiring an additional 85,001 shares during the quarter. Epoch Investment Partners Inc.’s holdings in CLEAR Secure were worth $3,525,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of YOU. Durable Capital Partners LP lifted its position in CLEAR Secure by 153.1% in the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock valued at $207,932,000 after buying an additional 4,531,161 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of CLEAR Secure by 6,038.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after acquiring an additional 1,439,873 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of CLEAR Secure by 4,573.0% during the 2nd quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after purchasing an additional 909,152 shares during the period. Norges Bank purchased a new position in shares of CLEAR Secure during the 4th quarter worth approximately $29,500,000. Finally, Jupiter Asset Management Ltd. increased its holdings in CLEAR Secure by 260.8% in the 4th quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after purchasing an additional 635,400 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CLEAR Secure

In other news, EVP Kyle Mclaughlin sold 8,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $56.20, for a total transaction of $449,600.00. Following the transaction, the executive vice president directly owned 29,519 shares of the company’s stock, valued at $1,658,967.80. This represents a 21.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Michael Z. Barkin sold 11,550 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the completion of the transaction, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This trade represents a 33.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,962 shares of company stock worth $1,360,146 over the last ninety days. 39.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on YOU. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. raised their target price on CLEAR Secure from $42.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Needham & Company LLC boosted their price target on shares of CLEAR Secure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, Wall Street Zen raised shares of CLEAR Secure from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Read Our Latest Research Report on CLEAR Secure

CLEAR Secure Trading Up 2.2%

YOU stock opened at $51.35 on Tuesday. The stock has a market cap of $6.85 billion, a P/E ratio of 41.41 and a beta of 1.08. CLEAR Secure, Inc. has a twelve month low of $24.06 and a twelve month high of $62.73. The company’s 50 day moving average is $55.12 and its two-hundred day moving average is $44.54.

CLEAR Secure (NYSE:YOUGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. On average, equities research analysts predict that CLEAR Secure, Inc. will post 1.78 earnings per share for the current year.

CLEAR Secure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.2%. CLEAR Secure’s payout ratio is presently 48.39%.

CLEAR Secure Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CLEAR Secure (NYSE:YOU)

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