Baird Financial Group Inc. acquired a new stake in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 283,745 shares of the company's stock, valued at approximately $604,000. Baird Financial Group Inc. owned 0.52% of Bridger Aerospace Group at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC raised its position in shares of Bridger Aerospace Group by 456.6% in the 4th quarter. Cerity Partners LLC now owns 216,751 shares of the company's stock worth $462,000 after acquiring an additional 177,811 shares in the last quarter. HighMark Wealth Management LLC acquired a new stake in shares of Bridger Aerospace Group in the 4th quarter worth $128,000. Prescott Group Capital Management L.L.C. acquired a new position in Bridger Aerospace Group during the 4th quarter valued at about $128,000. Apollon Wealth Management LLC acquired a new position in Bridger Aerospace Group during the 4th quarter valued at approximately $72,000. Finally, LPL Financial LLC purchased a new position in shares of Bridger Aerospace Group in the fourth quarter worth $64,000. Hedge funds and other institutional investors own 48.94% of the company's stock.
Bridger Aerospace Group Stock Down 0.3%
BAER traded down $0.01 during trading on Wednesday, reaching $1.48. The company's stock had a trading volume of 3,479 shares, compared to its average volume of 465,713. The firm has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $2.14. The company has a market cap of $80.72 million, a price-to-earnings ratio of -1.08 and a beta of 0.03. Bridger Aerospace Group Holdings, Inc. has a 1 year low of $1.02 and a 1 year high of $4.49.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.41) earnings per share 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 analysts' expectations of $6.00 million.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reduced their target price on shares of Bridger Aerospace Group from $6.00 to $5.00 and set a "buy" rating for the company in a report on Monday, March 17th.
Get Our Latest Stock Report on Bridger Aerospace Group
Bridger Aerospace Group Company Profile
(
Free Report)
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.
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