Bridger Aerospace Group's (BAER) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Bridger Aerospace Group's stock received a reaffirmed "sell (D-)" rating from Weiss Ratings, indicating ongoing concerns about the company's performance.
• Despite beating quarterly earnings estimates with a report of ($0.12) EPS, the company's revenue fell significantly short of expectations at $30.75 million compared to the anticipated $65.20 million.
• Recent institutional trading activity shows significant investor interest, with firms like Kieckhefer Group and First Manhattan CO. LLC significantly increasing their holdings in the company.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Bridger Aerospace Group Price Performance

NASDAQ BAER traded down $0.06 during trading on Tuesday, hitting $1.68. 196,235 shares of the company's stock traded hands, compared to its average volume of 611,583. The stock has a fifty day moving average of $1.89 and a two-hundred day moving average of $1.71. Bridger Aerospace Group has a 12-month low of $1.02 and a 12-month high of $4.44. The firm has a market cap of $93.29 million, a P/E ratio of -2.90 and a beta of 0.16.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.16. The business had revenue of $30.75 million for the quarter, compared to analysts' expectations of $65.20 million. Bridger Aerospace Group has set its FY 2025 guidance at EPS.

Institutional Trading of Bridger Aerospace Group

A number of institutional investors have recently modified their holdings of the company. First Manhattan CO. LLC. boosted its holdings in shares of Bridger Aerospace Group by 7.2% during the first quarter. First Manhattan CO. LLC. now owns 1,479,705 shares of the company's stock worth $1,672,000 after purchasing an additional 100,000 shares during the period. Kieckhefer Group LLC raised its stake in Bridger Aerospace Group by 8,625.0% in the first quarter. Kieckhefer Group LLC now owns 174,500 shares of the company's stock worth $197,000 after buying an additional 172,500 shares in the last quarter. HighMark Wealth Management LLC raised its stake in Bridger Aerospace Group by 37.4% in the second quarter. HighMark Wealth Management LLC now owns 110,162 shares of the company's stock worth $213,000 after buying an additional 30,000 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Bridger Aerospace Group by 555.6% in the second quarter. Bridgeway Capital Management LLC now owns 76,700 shares of the company's stock worth $148,000 after buying an additional 65,000 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Bridger Aerospace Group in the second quarter worth about $73,000. 48.94% of the stock is currently owned by hedge funds and other institutional investors.

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.

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