Epoch Investment Partners Inc. Sells 27,822 Shares of CLEAR Secure, Inc. $YOU

Epoch Investment Partners Inc. cut its position in CLEAR Secure, Inc. (NYSE:YOU) by 27.7% during the 1st quarter, HoldingsChannel reports. The firm owned 72,653 shares of the company’s stock after selling 27,822 shares during the quarter. Epoch Investment Partners Inc.’s holdings in CLEAR Secure were worth $3,517,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. One Capital Management LLC acquired a new stake in CLEAR Secure during the 4th quarter worth approximately $1,270,000. Hussman Strategic Advisors Inc. lifted its stake in CLEAR Secure by 50.0% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company’s stock valued at $2,210,000 after buying an additional 21,000 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of CLEAR Secure by 260.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 879,039 shares of the company’s stock valued at $30,837,000 after buying an additional 635,400 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of CLEAR Secure by 9.2% in the fourth quarter. BNP Paribas Financial Markets now owns 582,658 shares of the company’s stock valued at $20,440,000 after buying an additional 49,211 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its position in shares of CLEAR Secure by 36.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 129,032 shares of the company’s stock worth $4,526,000 after acquiring an additional 34,308 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Insiders Place Their Bets

In other CLEAR Secure news, President Michael Z. Barkin sold 11,550 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $56.29, for a total transaction of $650,149.50. Following the sale, the president directly owned 22,994 shares of the company’s stock, valued at approximately $1,294,332.26. This represents a 33.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Schlegel sold 4,412 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $59.02, for a total transaction of $260,396.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 23,962 shares of company stock valued at $1,360,146. 29.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on YOU. DA Davidson restated a “neutral” rating and set a $60.00 price objective (down from $65.00) on shares of CLEAR Secure in a report on Thursday, May 7th. Telsey Advisory Group upped their target price on shares of CLEAR Secure from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Zacks Research cut CLEAR Secure from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wells Fargo & Company lifted their price target on CLEAR Secure from $33.00 to $40.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC boosted their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.29.

CLEAR Secure Stock Performance

Shares of NYSE YOU opened at $52.03 on Friday. The stock has a 50 day moving average price of $55.09 and a 200 day moving average price of $48.16. The stock has a market capitalization of $6.94 billion, a PE ratio of 41.96 and a beta of 1.08. CLEAR Secure, Inc. has a 52 week low of $28.39 and a 52 week high of $62.73.

CLEAR Secure (NYSE:YOU) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $244.38 million. CLEAR Secure had a return on equity of 68.98% and a net margin of 13.01%.The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. As a group, research analysts forecast that CLEAR Secure, Inc. will post 1.61 EPS for the current year.

CLEAR Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, June 10th. CLEAR Secure’s payout ratio is presently 48.39%.

About CLEAR Secure

CLEAR Secure, Inc operates a biometric identity platform designed to expedite identity verification for air travelers and venue guests. The company’s core offering is the CLEAR membership service, which uses fingerprint and iris scans to confirm a member’s identity and provide access to dedicated security lanes at participating airports. Members link government-issued IDs and personal biometric data via the CLEAR app, enabling faster processing through Transportation Security Administration (TSA) checkpoints and select event entrances.

Founded in 2010 by Caryn Seidman‐Becker and Ken Cornick, CLEAR is headquartered in New York City.