Northern Trust Corp Grows Stock Holdings in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Northern Trust Corp lifted its position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,573 shares of the company’s stock after buying an additional 24,067 shares during the period. Northern Trust Corp owned approximately 0.21% of Bridger Aerospace Group worth $246,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BAER. Cerity Partners LLC grew its stake in shares of Bridger Aerospace Group by 456.6% during the fourth quarter. Cerity Partners LLC now owns 216,751 shares of the company’s stock worth $462,000 after acquiring an additional 177,811 shares during the last quarter. HighMark Wealth Management LLC acquired a new stake in Bridger Aerospace Group in the 4th quarter worth approximately $128,000. Prescott Group Capital Management L.L.C. purchased a new stake in Bridger Aerospace Group during the 4th quarter worth approximately $128,000. Apollon Wealth Management LLC purchased a new stake in Bridger Aerospace Group during the 4th quarter worth approximately $72,000. Finally, LPL Financial LLC acquired a new position in Bridger Aerospace Group during the 4th quarter valued at approximately $64,000. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock opened at $1.75 on Tuesday. The business’s 50-day simple moving average is $1.41 and its two-hundred day simple moving average is $2.01. The company has a market cap of $95.77 million, a PE ratio of -1.28 and a beta of 0.03. Bridger Aerospace Group Holdings, Inc. has a fifty-two week low of $1.02 and a fifty-two week high of $4.49.

Bridger Aerospace Group (NASDAQ:BAER) last released its earnings results on Thursday, May 8th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.09. The firm had revenue of $15.65 million for the quarter, compared to analyst estimates of $6.00 million.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on shares of Bridger Aerospace Group from $5.00 to $5.25 and gave the stock a “buy” rating in a research note on Wednesday, May 28th.

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.