Geode Capital Management LLC Has $780,000 Stock Holdings in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER)

Geode Capital Management LLC increased its stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) by 54.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 351,374 shares of the company’s stock after acquiring an additional 123,158 shares during the quarter. Geode Capital Management LLC owned about 0.66% of Bridger Aerospace Group worth $780,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BAER. Barclays PLC raised its holdings in Bridger Aerospace Group by 347.8% during the 3rd quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after purchasing an additional 10,824 shares during the last quarter. GM Advisory Group LLC acquired a new stake in shares of Bridger Aerospace Group during the third quarter worth $61,000. Mill Creek Capital Advisors LLC bought a new position in Bridger Aerospace Group during the third quarter worth $433,000. Peterson Wealth Advisors LLC lifted its holdings in Bridger Aerospace Group by 20.0% in the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock valued at $518,000 after buying an additional 38,887 shares during the period. Finally, Aspiriant LLC acquired a new position in Bridger Aerospace Group in the third quarter valued at $145,000. 48.94% of the stock is currently owned by institutional investors.

Bridger Aerospace Group Stock Up 17.6 %

NASDAQ:BAER opened at $3.28 on Friday. Bridger Aerospace Group Holdings, Inc. has a twelve month low of $1.71 and a twelve month high of $6.80. The company has a fifty day moving average of $2.65 and a 200-day moving average of $2.83. The firm has a market capitalization of $177.28 million, a P/E ratio of -2.39 and a beta of -0.29.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.15). The business had revenue of $64.51 million for the quarter.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on Bridger Aerospace Group from $5.25 to $5.75 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

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.