Trexquant Investment LP Sells 31,047 Shares of Clear Secure, Inc. (NYSE:YOU)

Trexquant Investment LP decreased its position in Clear Secure, Inc. (NYSE:YOU) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,899 shares of the company’s stock after selling 31,047 shares during the quarter. Trexquant Investment LP owned approximately 0.14% of Clear Secure worth $5,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Clear Secure by 221.6% during the 4th quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 771 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Clear Secure by 56.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after purchasing an additional 766 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Clear Secure by 23.0% in the 4th quarter. Harbour Investments Inc. now owns 2,405 shares of the company’s stock worth $64,000 after purchasing an additional 450 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Clear Secure during the 4th quarter valued at approximately $83,000. Finally, Blue Trust Inc. increased its position in Clear Secure by 376.0% during the 4th quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after buying an additional 2,696 shares in the last quarter. Hedge funds and other institutional investors own 73.80% of the company’s stock.

Clear Secure Price Performance

Shares of YOU opened at $24.92 on Friday. Clear Secure, Inc. has a one year low of $16.05 and a one year high of $38.88. The business has a fifty day moving average of $24.54 and a 200 day moving average of $27.81. The firm has a market capitalization of $3.41 billion, a P/E ratio of 28.97 and a beta of 1.25.

Clear Secure Announces Dividend

The firm 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. This represents a $0.50 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 10th. Clear Secure’s payout ratio is currently 32.47%.

Wall Street Analyst Weigh In

YOU has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Monday, March 24th. Stifel Nicolaus lowered 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, Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

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.