Barclays PLC Purchases 10,824 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Barclays PLC boosted its position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 347.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,936 shares of the company’s stock after purchasing an additional 10,824 shares during the quarter. Barclays PLC’s holdings in Bridger Aerospace Group were worth $31,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mill Creek Capital Advisors LLC bought a new position in Bridger Aerospace Group in the third quarter worth $433,000. Rhumbline Advisers purchased a new stake in shares of Bridger Aerospace Group in the second quarter worth $36,000. Bank of New York Mellon Corp purchased a new stake in shares of Bridger Aerospace Group in the second quarter worth $50,000. Peterson Wealth Advisors LLC grew its stake in shares of Bridger Aerospace Group by 20.0% in the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after acquiring an additional 38,887 shares during the last quarter. Finally, Aspiriant LLC purchased a new stake in shares of Bridger Aerospace Group in the third quarter worth $145,000. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Trading Up 17.6 %

NASDAQ BAER opened at $3.28 on Friday. Bridger Aerospace Group Holdings, Inc. has a 12 month low of $1.71 and a 12 month high of $6.80. The stock has a market cap of $177.28 million, a P/E ratio of -2.39 and a beta of -0.29. The stock’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.83.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings data on Monday, November 11th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.15). The company had revenue of $64.51 million during the quarter.

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on Bridger Aerospace Group from $5.25 to $5.75 and gave the stock a “buy” rating in a research note on Wednesday, November 13th.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.