JPMorgan Chase & Co. Purchases 10,612 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

JPMorgan Chase & Co. grew its holdings in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 167.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,935 shares of the company’s stock after acquiring an additional 10,612 shares during the quarter. JPMorgan Chase & Co.’s holdings in Bridger Aerospace Group were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BAER. Barclays PLC increased its holdings in shares of Bridger Aerospace Group by 347.8% during the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after purchasing an additional 10,824 shares during the period. GM Advisory Group LLC acquired a new stake in Bridger Aerospace Group during the third quarter worth approximately $61,000. Aspiriant LLC acquired a new stake in Bridger Aerospace Group during the third quarter worth approximately $145,000. Mill Creek Capital Advisors LLC bought a new position in Bridger Aerospace Group during the 3rd quarter worth $433,000. Finally, Peterson Wealth Advisors LLC raised its holdings in Bridger Aerospace Group by 20.0% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock valued at $518,000 after acquiring an additional 38,887 shares in the last quarter. 48.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a $6.00 price target on shares of Bridger Aerospace Group in a research report on Wednesday, January 15th.

Bridger Aerospace Group Price Performance

Shares of Bridger Aerospace Group stock opened at $2.59 on Wednesday. The company’s 50 day moving average price is $2.58 and its two-hundred day moving average price is $2.76. The firm has a market capitalization of $139.99 million, a P/E ratio of -1.89 and a beta of -0.23. Bridger Aerospace Group Holdings, Inc. has a fifty-two week low of $1.71 and a fifty-two week high of $6.23.

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

Bridger Aerospace Group 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.