JPMorgan Chase & Co. Raises Stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

JPMorgan Chase & Co. boosted its holdings in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 110.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,630 shares of the company’s stock after purchasing an additional 18,695 shares during the quarter. JPMorgan Chase & Co.’s holdings in Bridger Aerospace Group were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BAER. Scratch Capital LLC bought a new position in Bridger Aerospace Group during the 4th quarter valued at approximately $29,000. 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 valued at $31,000 after acquiring an additional 10,824 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Bridger Aerospace Group in the 4th quarter worth about $64,000. Apollon Wealth Management LLC bought a new position in Bridger Aerospace Group in the 4th quarter worth about $72,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in Bridger Aerospace Group in the 4th quarter worth about $128,000. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Trading Down 7.4 %

Shares of BAER opened at $1.34 on Wednesday. The company has a market cap of $72.81 million, a price-to-earnings ratio of -0.98 and a beta of 0.03. The business’s fifty day simple moving average is $1.48 and its two-hundred day simple moving average is $2.28. Bridger Aerospace Group Holdings, Inc. has a 12 month low of $1.02 and a 12 month high of $4.50.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The company had revenue of $15.59 million during the quarter, compared to the consensus estimate of $9.70 million. During the same quarter in the previous year, the business earned ($0.67) earnings per share.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on shares of Bridger Aerospace Group from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, March 17th.

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.