Kieckhefer Group LLC Acquires 172,500 Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Kieckhefer Group LLC grew its stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) by 8,625.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,500 shares of the company's stock after purchasing an additional 172,500 shares during the period. Kieckhefer Group LLC owned about 0.32% of Bridger Aerospace Group worth $197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Scratch Capital LLC acquired a new stake in Bridger Aerospace Group during the fourth quarter worth $29,000. BNP Paribas Financial Markets acquired a new stake in shares of Bridger Aerospace Group during the 4th quarter valued at about $38,000. LPL Financial LLC acquired a new stake in shares of Bridger Aerospace Group during the 4th quarter valued at about $64,000. JPMorgan Chase & Co. increased its stake in Bridger Aerospace Group by 110.4% in the fourth quarter. JPMorgan Chase & Co. now owns 35,630 shares of the company's stock valued at $76,000 after acquiring an additional 18,695 shares during the period. Finally, HighMark Wealth Management LLC raised its position in Bridger Aerospace Group by 33.2% in the first quarter. HighMark Wealth Management LLC now owns 80,162 shares of the company's stock worth $91,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 48.94% of the company's stock.

Bridger Aerospace Group Trading Down 1.0%

BAER stock traded down $0.02 during trading on Friday, hitting $1.91. The company had a trading volume of 141,866 shares, compared to its average volume of 492,719. The company has a fifty day moving average price of $1.62 and a two-hundred day moving average price of $1.89. Bridger Aerospace Group Holdings, Inc. has a fifty-two week low of $1.02 and a fifty-two week high of $4.44. The company has a market cap of $104.52 million, a P/E ratio of -2.42 and a beta of 0.17.

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price objective on Bridger Aerospace Group from $5.00 to $5.25 and gave the company a "buy" rating in a report on Wednesday, May 28th.

Bridger Aerospace Group Company Profile

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.