Clear Secure, Inc. (NYSE:YOU) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in Clear Secure, Inc. (NYSE:YOU) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,801 shares of the company’s stock after selling 6,230 shares during the period. Mackenzie Financial Corp’s holdings in Clear Secure were worth $512,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BluePath Capital Management LLC purchased a new stake in Clear Secure in the third quarter valued at $29,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Clear Secure in the 3rd quarter valued at about $68,000. Aigen Investment Management LP purchased a new stake in shares of Clear Secure in the 3rd quarter valued at about $192,000. SG Americas Securities LLC acquired a new stake in shares of Clear Secure in the 3rd quarter valued at about $214,000. Finally, Amalgamated Bank grew its stake in Clear Secure by 6.2% during the 3rd quarter. Amalgamated Bank now owns 12,682 shares of the company’s stock worth $241,000 after buying an additional 745 shares during the last quarter. 73.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clear Secure news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $150,000.00. Following the completion of the sale, the insider now owns 41,727 shares of the company’s stock, valued at $834,540. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 39.94% of the stock is currently owned by corporate insiders.

Clear Secure Price Performance

Shares of NYSE YOU opened at $17.54 on Friday. The stock has a fifty day moving average price of $19.26 and a 200 day moving average price of $19.69. Clear Secure, Inc. has a 1-year low of $15.28 and a 1-year high of $27.75. The company has a market cap of $2.79 billion, a PE ratio of 58.47 and a beta of 1.54.

Clear Secure (NYSE:YOU) last released its earnings results on Wednesday, February 28th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The company had revenue of $170.97 million during the quarter, compared to analysts’ expectations of $166.56 million. During the same quarter last year, the business earned ($0.12) EPS. The business’s revenue was up 33.3% on a year-over-year basis. Analysts anticipate that Clear Secure, Inc. will post 0.41 earnings per share for the current fiscal year.

Clear Secure Increases Dividend

The firm also recently declared a None dividend, which was paid on Monday, April 8th. Investors of record on Monday, April 1st were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Clear Secure’s previous None dividend of $0.25. Clear Secure’s payout ratio is 120.00%.

Analyst Ratings Changes

YOU has been the subject of several research analyst reports. Wedbush decreased their price objective on Clear Secure from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Telsey Advisory Group reiterated an “outperform” rating and set a $34.00 price target on shares of Clear Secure in a research note on Tuesday, March 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.40.

About Clear Secure

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.