Foundry Partners LLC Lowers Position in Clear Secure, Inc. (NYSE:YOU)

Foundry Partners LLC decreased its stake in Clear Secure, Inc. (NYSE:YOU) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,389 shares of the company’s stock after selling 31,426 shares during the quarter. Foundry Partners LLC’s holdings in Clear Secure were worth $4,859,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank bought a new stake in shares of Clear Secure during the 4th quarter valued at $35,000. Massachusetts Financial Services Co. MA increased its holdings in Clear Secure by 16.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 148,207 shares of the company’s stock valued at $3,948,000 after acquiring an additional 21,456 shares during the last quarter. Geode Capital Management LLC lifted its stake in Clear Secure by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 2,433,165 shares of the company’s stock worth $64,832,000 after purchasing an additional 86,311 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Clear Secure by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 47,872 shares of the company’s stock worth $1,275,000 after buying an additional 1,697 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Clear Secure by 74.9% in 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 last quarter. Institutional investors own 73.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price objective on shares of Clear Secure in a report on Thursday, February 27th. Stifel Nicolaus cut their price target on shares of Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Clear Secure Price Performance

Shares of YOU stock opened at $24.92 on Friday. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.88. The company has a market cap of $3.41 billion, a P/E ratio of 28.97 and a beta of 1.37. The stock’s 50-day moving average is $24.54 and its 200 day moving average is $27.85.

Clear Secure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s dividend payout ratio is presently 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.