Charles Schwab Investment Management Inc. Grows Position in Bridger Aerospace Group Holdings, Inc. $BAER

Charles Schwab Investment Management Inc. boosted its stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 61.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,001 shares of the company’s stock after purchasing an additional 12,500 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.06% of Bridger Aerospace Group worth $37,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BAER. Northern Trust Corp grew its holdings in Bridger Aerospace Group by 26.3% in the fourth quarter. Northern Trust Corp now owns 115,573 shares of the company’s stock valued at $246,000 after purchasing an additional 24,067 shares during the period. BNP Paribas Financial Markets purchased a new stake in Bridger Aerospace Group in the fourth quarter valued at approximately $38,000. Baird Financial Group Inc. purchased a new stake in Bridger Aerospace Group in the fourth quarter valued at approximately $604,000. First Manhattan CO. LLC. grew its holdings in Bridger Aerospace Group by 3.8% in the fourth quarter. First Manhattan CO. LLC. now owns 1,379,705 shares of the company’s stock valued at $2,939,000 after purchasing an additional 50,000 shares during the period. Finally, Millennium Management LLC purchased a new stake in Bridger Aerospace Group in the fourth quarter valued at approximately $138,000. 48.94% of the stock is currently owned by hedge funds and other institutional investors.

Bridger Aerospace Group Trading Down 3.9%

NASDAQ BAER opened at $1.95 on Friday. The company’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $1.70. Bridger Aerospace Group Holdings, Inc. has a 52 week low of $1.02 and a 52 week high of $4.43. The stock has a market cap of $108.28 million, a P/E ratio of -3.36 and a beta of 0.18.

Bridger Aerospace Group (NASDAQ:BAER) 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 company had revenue of $30.75 million during the quarter, compared to analyst estimates of $65.20 million. Bridger Aerospace Group has set its FY 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on shares of Bridger Aerospace Group from $5.00 to $5.25 and gave the company a “buy” rating in a report on Wednesday, May 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Bridger Aerospace Group presently has an average rating of “Buy” and a consensus price target of $5.25.

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.