Scratch Capital LLC Takes Position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Scratch Capital LLC bought a new position in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,607 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Bridger Aerospace Group by 54.0% during the third quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock valued at $780,000 after acquiring an additional 123,158 shares during the last quarter. Mill Creek Capital Advisors LLC bought a new position in Bridger Aerospace Group during the 3rd quarter worth $433,000. Barclays PLC lifted its holdings in Bridger Aerospace Group by 347.8% during the 3rd quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after buying an additional 10,824 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Bridger Aerospace Group in the 4th quarter valued at about $72,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Bridger Aerospace Group by 167.8% in the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock valued at $38,000 after buying an additional 10,612 shares during the period. 48.94% of the stock is owned by institutional investors.

Bridger Aerospace Group Stock Up 4.5 %

Shares of NASDAQ BAER opened at $1.84 on Tuesday. The company has a market capitalization of $99.45 million, a PE ratio of -1.34 and a beta of -0.23. Bridger Aerospace Group Holdings, Inc. has a twelve month low of $1.68 and a twelve month high of $6.20. The firm has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $2.62.

Analyst Upgrades and Downgrades

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

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.