Level Four Advisory Services LLC Makes New $315,000 Investment in Clear Secure, Inc. (NYSE:YOU)

Level Four Advisory Services LLC bought a new stake in Clear Secure, Inc. (NYSE:YOU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,815 shares of the company’s stock, valued at approximately $315,000.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Clear Secure by 6.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 872,154 shares of the company’s stock valued at $28,903,000 after acquiring an additional 55,136 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Clear Secure by 257.9% in the third quarter. Citigroup Inc. now owns 107,858 shares of the company’s stock valued at $3,574,000 after purchasing an additional 77,718 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Clear Secure during the third quarter valued at about $690,000. The Manufacturers Life Insurance Company boosted its holdings in Clear Secure by 6.1% during the third quarter. The Manufacturers Life Insurance Company now owns 46,461 shares of the company’s stock worth $1,540,000 after purchasing an additional 2,689 shares during the last quarter. Finally, FMR LLC grew its position in Clear Secure by 30.6% in the 3rd quarter. FMR LLC now owns 6,598,424 shares of the company’s stock worth $218,672,000 after purchasing an additional 1,547,692 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Analysts Set New Price Targets

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

Clear Secure Trading Down 2.4 %

NYSE:YOU opened at $25.92 on Tuesday. Clear Secure, Inc. has a 12 month low of $16.05 and a 12 month high of $38.88. The firm’s 50 day moving average is $24.44 and its 200 day moving average is $27.95. The stock has a market capitalization of $3.55 billion, a PE ratio of 30.13 and a beta of 1.37.

Clear Secure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.125 per share. The ex-dividend date was Monday, March 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.93%. 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.