Mach 1 Financial Group LLC Lowers Stock Position in Clear Secure, Inc. (NYSE:YOU)

Mach 1 Financial Group LLC trimmed its stake in Clear Secure, Inc. (NYSE:YOU) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,430 shares of the company’s stock after selling 1,023 shares during the quarter. Mach 1 Financial Group LLC’s holdings in Clear Secure were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in Clear Secure in the 3rd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale purchased a new position in Clear Secure in the 3rd quarter worth approximately $68,000. Aigen Investment Management LP bought a new stake in shares of Clear Secure in the third quarter worth approximately $192,000. Russell Investments Group Ltd. lifted its holdings in shares of Clear Secure by 56.2% during the 4th quarter. Russell Investments Group Ltd. now owns 10,233 shares of the company’s stock valued at $211,000 after buying an additional 3,683 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Clear Secure during the third quarter valued at $214,000. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Price Performance

Shares of YOU traded down $0.19 during mid-day trading on Wednesday, reaching $17.28. 103,752 shares of the company’s stock were exchanged, compared to its average volume of 1,497,665. Clear Secure, Inc. has a 52-week low of $15.28 and a 52-week high of $27.75. The business’s fifty day simple moving average is $19.21 and its 200-day simple moving average is $19.72. The stock has a market capitalization of $2.74 billion, a PE ratio of 58.27 and a beta of 1.54.

Clear Secure (NYSE:YOU) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Clear Secure had a net margin of 4.58% and a return on equity of 9.66%. The business had revenue of $170.97 million during the quarter, compared to analysts’ expectations of $166.56 million. During the same period last year, the company posted ($0.12) EPS. The company’s revenue was up 33.3% on a year-over-year basis. Equities research analysts predict that Clear Secure, Inc. will post 0.54 earnings per share for the current year.

Clear Secure Increases Dividend

The company also recently announced a None dividend, which was paid on Monday, April 8th. Shareholders of record on Monday, April 1st were given a $0.32 dividend. This is a boost from Clear Secure’s previous None dividend of $0.25. The ex-dividend date was Thursday, March 28th. Clear Secure’s dividend payout ratio is 120.00%.

Insider Activity at Clear Secure

In related news, insider Richard N. Jr. Patterson sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now owns 41,727 shares of the company’s stock, valued at $834,540. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 39.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on YOU. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Clear Secure in a research note on Tuesday, March 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $34.00 target price on shares of Clear Secure in a research note on Tuesday, March 26th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Clear Secure currently has a consensus rating of “Hold” and an average target price of $28.40.

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.