Hodges Capital Management Inc. Buys 80,960 Shares of CLEAR Secure, Inc. $YOU

Hodges Capital Management Inc. increased its stake in shares of CLEAR Secure, Inc. (NYSE:YOU) by 39.4% in the first quarter, Holdings Channel.com reports. The firm owned 286,660 shares of the company’s stock after buying an additional 80,960 shares during the quarter. CLEAR Secure comprises approximately 1.1% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Hodges Capital Management Inc.’s holdings in CLEAR Secure were worth $13,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its position in CLEAR Secure by 6.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,257 shares of the company’s stock valued at $184,000 after buying an additional 323 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CLEAR Secure by 3.6% during the first quarter. Pictet Asset Management Holding SA now owns 12,744 shares of the company’s stock worth $617,000 after buying an additional 447 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of CLEAR Secure by 13.4% in the 4th quarter. Blue Trust Inc. now owns 3,814 shares of the company’s stock valued at $134,000 after acquiring an additional 451 shares during the last quarter. Aspen Investment Management Inc lifted its stake in shares of CLEAR Secure by 5.2% in the 1st quarter. Aspen Investment Management Inc now owns 10,175 shares of the company’s stock valued at $493,000 after acquiring an additional 500 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of CLEAR Secure by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 94,593 shares of the company’s stock valued at $2,626,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 73.80% of the company’s stock.

Insider Activity

In other news, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Z. Barkin sold 11,550 shares of CLEAR Secure stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $56.29, for a total transaction of $650,149.50. Following the transaction, the president directly owned 22,994 shares of the company’s stock, valued at $1,294,332.26. This represents a 33.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 23,962 shares of company stock valued at $1,360,146. 39.73% of the stock is currently owned by insiders.

CLEAR Secure Price Performance

CLEAR Secure stock opened at $53.81 on Monday. The stock’s 50 day moving average is $55.54 and its 200 day moving average is $46.31. CLEAR Secure, Inc. has a one year low of $28.06 and a one year high of $62.73. The firm has a market cap of $7.17 billion, a P/E ratio of 43.39 and a beta of 1.08.

CLEAR Secure (NYSE:YOU) last released its earnings results on Wednesday, May 6th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. CLEAR Secure had a net margin of 13.01% and a return on equity of 68.98%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities analysts anticipate that CLEAR Secure, Inc. will post 1.79 earnings per share for the current fiscal year.

CLEAR Secure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, June 10th. CLEAR Secure’s dividend payout ratio is currently 48.39%.

Analyst Ratings Changes

A number of brokerages recently weighed in on YOU. Stifel Nicolaus set a $60.00 price objective on CLEAR Secure in a research report on Thursday, May 7th. DA Davidson reiterated a “neutral” rating and issued a $60.00 target price (down from $65.00) on shares of CLEAR Secure in a research report on Thursday, May 7th. Needham & Company LLC lifted their price target on CLEAR Secure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded CLEAR Secure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Finally, Zacks Research raised CLEAR Secure from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

CLEAR Secure Profile

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.