Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 26.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,212 shares of the company’s stock after selling 14,098 shares during the period. Marshall Wace LLP’s holdings in Bridger Aerospace Group were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BAER. Rhumbline Advisers acquired a new stake in shares of Bridger Aerospace Group during the second quarter worth about $36,000. Bank of New York Mellon Corp purchased a new position in shares of Bridger Aerospace Group during the 2nd quarter worth approximately $50,000. Finally, Peterson Wealth Advisors LLC purchased a new stake in shares of Bridger Aerospace Group during the 1st quarter worth $976,000. 48.94% of the stock is owned by hedge funds and other institutional investors.

Bridger Aerospace Group Stock Up 4.4 %

NASDAQ:BAER opened at $2.14 on Monday. The business’s 50 day moving average is $2.63 and its two-hundred day moving average is $3.57. Bridger Aerospace Group Holdings, Inc. has a 52 week low of $1.71 and a 52 week high of $7.82. The company has a market cap of $100.61 million, a PE ratio of -1.22 and a beta of -0.18.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.08). The company had revenue of $13.01 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BAER. Canaccord Genuity Group began coverage on Bridger Aerospace Group in a report on Monday, June 24th. They issued a “buy” rating and a $5.50 target price on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $5.25 price objective on shares of Bridger Aerospace Group in a report on Tuesday, August 13th.

Insider Buying and Selling at Bridger Aerospace Group

In related news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.58, for a total value of $69,494.88. Following the transaction, the executive vice president now owns 844,211 shares of the company’s stock, valued at approximately $2,178,064.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Bridger Aerospace Group news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.58, for a total transaction of $69,494.88. Following the transaction, the executive vice president now owns 844,211 shares of the company’s stock, valued at $2,178,064.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Samuel Carl Davis sold 19,323 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.56, for a total value of $49,466.88. Following the sale, the chief executive officer now owns 474,352 shares of the company’s stock, valued at approximately $1,214,341.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock valued at $252,811 in the last quarter. Corporate insiders own 70.70% of the company’s stock.

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.