Cerity Partners LLC Purchases 177,811 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Cerity Partners LLC lifted its stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) by 456.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,751 shares of the company's stock after purchasing an additional 177,811 shares during the period. Cerity Partners LLC owned 0.40% of Bridger Aerospace Group worth $462,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BAER. JPMorgan Chase & Co. boosted its holdings in Bridger Aerospace Group by 167.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company's stock worth $38,000 after buying an additional 10,612 shares during the period. Barclays PLC grew its position 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 in the last quarter. Scratch Capital LLC bought a new stake in Bridger Aerospace Group during the 4th quarter valued at approximately $29,000. Geode Capital Management LLC lifted its holdings in Bridger Aerospace Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 369,617 shares of the company's stock worth $788,000 after purchasing an additional 18,243 shares in the last quarter. Finally, LPL Financial LLC bought a new position in Bridger Aerospace Group in the 4th quarter worth approximately $64,000. 48.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their target price on shares of Bridger Aerospace Group from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Monday, March 17th.

Bridger Aerospace Group Trading Down 7.7 %

Shares of NASDAQ:BAER traded down $0.12 during mid-day trading on Friday, reaching $1.43. The stock had a trading volume of 60,819 shares, compared to its average volume of 457,240. The company has a market cap of $77.53 million, a P/E ratio of -1.04 and a beta of 0.07. The business's 50 day moving average price is $1.58 and its 200 day moving average price is $2.32. Bridger Aerospace Group Holdings, Inc. has a 1 year low of $1.02 and a 1 year high of $4.95.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last posted its earnings results on Monday, March 17th. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.02). The company had revenue of $15.59 million for the quarter, compared to analysts' expectations of $9.70 million. During the same period in the previous year, the business posted ($0.67) earnings per share.

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.