Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Short Interest Update
by Scott Moore · The Cerbat GemBridger Aerospace Group Holdings, Inc. (NASDAQ:BAER – Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,343,038 shares, an increase of 44.8% from the March 15th total of 927,785 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 673,984 shares, the days-to-cover ratio is presently 2.0 days.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on BAER shares. Zacks Research raised shares of Bridger Aerospace Group to a “hold” rating in a report on Wednesday, April 1st. Canaccord Genuity Group dropped their price objective on Bridger Aerospace Group from $5.25 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Stifel Nicolaus started coverage on Bridger Aerospace Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $3.35 price objective on the stock. Wall Street Zen downgraded Bridger Aerospace Group from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 15th. Finally, Weiss Ratings downgraded Bridger Aerospace Group from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.18.
Read Our Latest Analysis on Bridger Aerospace Group
Bridger Aerospace Group Stock Performance
NASDAQ BAER traded down $0.04 during trading hours on Thursday, reaching $2.06. 213,763 shares of the company’s stock were exchanged, compared to its average volume of 787,467. The company’s 50-day moving average is $2.27 and its two-hundred day moving average is $2.08. Bridger Aerospace Group has a one year low of $1.22 and a one year high of $3.44. The company has a market capitalization of $114.92 million, a price-to-earnings ratio of -3.67 and a beta of 0.27.
Bridger Aerospace Group (NASDAQ:BAER – Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.10). Bridger Aerospace Group had a negative return on equity of 1.21% and a net margin of 3.37%.The business had revenue of $8.55 million for the quarter, compared to the consensus estimate of $6.50 million.
Institutional Trading of Bridger Aerospace Group
A number of large investors have recently bought and sold shares of BAER. Stifel Financial Corp grew its stake in shares of Bridger Aerospace Group by 23.6% in the fourth quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock valued at $40,000 after buying an additional 4,180 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Bridger Aerospace Group by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 284,601 shares of the company’s stock valued at $521,000 after buying an additional 5,959 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Bridger Aerospace Group by 34.5% in the third quarter. Apollon Wealth Management LLC now owns 39,000 shares of the company’s stock valued at $72,000 after buying an additional 10,000 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Bridger Aerospace Group in the second quarter valued at $26,000. Finally, State Street Corp grew its stake in shares of Bridger Aerospace Group by 32.1% in the fourth quarter. State Street Corp now owns 101,280 shares of the company’s stock valued at $185,000 after buying an additional 24,600 shares in the last quarter. 48.94% of the stock is owned by institutional investors.
Bridger Aerospace Group Company Profile
Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.
Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.