Magnetar Financial LLC Makes New $692,000 Investment in Clear Secure, Inc. (NYSE:YOU)

Magnetar Financial LLC acquired a new position in Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,994 shares of the company’s stock, valued at approximately $692,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% in the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock worth $30,000 after acquiring an additional 771 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after acquiring an additional 766 shares during the period. Harbour Investments Inc. raised its position in shares of Clear Secure by 23.0% during the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV acquired a new position in shares of Clear Secure during the 3rd quarter worth about $90,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Clear Secure during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 73.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on YOU. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $45.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Stifel Nicolaus reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Clear Secure currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Clear Secure Trading Down 3.5 %

YOU stock opened at $25.70 on Friday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 29.88 and a beta of 1.37. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The firm has a 50-day moving average of $24.36 and a two-hundred day moving average of $28.09.

Clear Secure Announces Dividend

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

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.