Barclays PLC Raises Holdings in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in Bridger Aerospace Group in the second quarter valued at $50,000. Rhumbline Advisers purchased a new position in shares of Bridger Aerospace Group in the 2nd quarter valued at about $36,000. Aspiriant LLC acquired a new stake in shares of Bridger Aerospace Group in the third quarter valued at about $145,000. Peterson Wealth Advisors LLC boosted its holdings in Bridger Aerospace Group by 20.0% during the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after buying an additional 38,887 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC acquired a new position in Bridger Aerospace Group during the third quarter worth about $433,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock opened at $3.07 on Friday. Bridger Aerospace Group Holdings, Inc. has a fifty-two week low of $1.71 and a fifty-two week high of $6.61. The firm has a market capitalization of $165.93 million, a price-to-earnings ratio of -2.24 and a beta of -0.29. The stock’s fifty day moving average is $2.58 and its two-hundred day moving average is $2.80.

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

Analyst Ratings Changes

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

About Bridger Aerospace Group

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.