Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER – Get Free Report) major shareholder Holdings L.P. Blackstone sold 2,778,124 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1.04, for a total transaction of $2,889,248.96. Following the transaction, the insider owned 37,272 shares of the company’s stock, valued at approximately $38,762.88. This represents a 98.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Bridger Aerospace Group Trading Up 4.2%
Shares of NASDAQ BAER traded up $0.05 during mid-day trading on Thursday, hitting $1.25. The company had a trading volume of 1,071,852 shares, compared to its average volume of 812,581. Bridger Aerospace Group Holdings, Inc. has a one year low of $1.12 and a one year high of $3.44. The company has a market capitalization of $69.90 million, a PE ratio of -1.47 and a beta of 0.35. The firm has a 50-day simple moving average of $1.83 and a two-hundred day simple moving average of $2.10.
Bridger Aerospace Group (NASDAQ:BAER – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The company had revenue of $30.49 million for the quarter, compared to analyst estimates of $37.04 million. Bridger Aerospace Group had a negative net margin of 10.77% and a negative return on equity of 1.21%. Sell-side analysts expect that Bridger Aerospace Group Holdings, Inc. will post -0.49 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Bridger Aerospace Group
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of Bridger Aerospace Group from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings cut shares of Bridger Aerospace Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. Lake Street Capital reissued a “buy” rating and issued a $4.00 price objective on shares of Bridger Aerospace Group in a research report on Friday, August 7th. Stifel Nicolaus set a $3.00 price objective on shares of Bridger Aerospace Group in a research report on Monday. Finally, Wall Street Zen lowered shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.67.
Check Out Our Latest Research Report on Bridger Aerospace Group
Bridger Aerospace Group Company Profile
Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.
Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.
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