Baird Financial Group Inc. Invests $604,000 in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Baird Financial Group Inc. bought a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 283,745 shares of the company's stock, valued at approximately $604,000. Baird Financial Group Inc. owned about 0.52% of Bridger Aerospace Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Cerity Partners LLC increased its stake in Bridger Aerospace Group by 456.6% in the fourth quarter. Cerity Partners LLC now owns 216,751 shares of the company's stock valued at $462,000 after purchasing an additional 177,811 shares during the last quarter. HighMark Wealth Management LLC acquired a new stake in shares of Bridger Aerospace Group in the 4th quarter worth about $128,000. Prescott Group Capital Management L.L.C. bought a new position in Bridger Aerospace Group in the 4th quarter worth approximately $128,000. Apollon Wealth Management LLC bought a new stake in Bridger Aerospace Group during the 4th quarter valued at $72,000. Finally, LPL Financial LLC bought a new position in shares of Bridger Aerospace Group in the fourth quarter worth $64,000. Institutional investors and hedge funds own 48.94% of the company's stock.

Wall Street Analysts Forecast Growth

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

Bridger Aerospace Group Stock Down 2.6%

Bridger Aerospace Group stock traded down $0.04 during mid-day trading on Monday, hitting $1.48. The company's stock had a trading volume of 52,986 shares, compared to its average volume of 467,403. The stock's fifty day moving average price is $1.43 and its two-hundred day moving average price is $2.16. The stock has a market capitalization of $80.24 million, a P/E ratio of -1.08 and a beta of 0.03. Bridger Aerospace Group Holdings, Inc. has a twelve month low of $1.02 and a twelve month high of $4.49.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.09. The company had revenue of $15.65 million for the quarter, compared to the consensus estimate of $6.00 million.

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.