60,000 Shares in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 60,000 shares of the company’s stock, valued at approximately $128,000. Prescott Group Capital Management L.L.C. owned 0.11% of Bridger Aerospace Group at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BAER. Scratch Capital LLC bought a new stake in Bridger Aerospace Group in the fourth quarter valued at about $29,000. Barclays PLC boosted its holdings in Bridger Aerospace Group by 347.8% during the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock valued at $31,000 after purchasing an additional 10,824 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Bridger Aerospace Group by 167.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock valued at $38,000 after purchasing an additional 10,612 shares during the period. GM Advisory Group LLC acquired a new position in shares of Bridger Aerospace Group in the 3rd quarter worth approximately $61,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Bridger Aerospace Group during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Bridger Aerospace Group Price Performance

Shares of BAER opened at $1.86 on Friday. The company has a market capitalization of $100.53 million, a P/E ratio of -1.36 and a beta of -0.23. Bridger Aerospace Group Holdings, Inc. has a one year low of $1.68 and a one year high of $6.20. The business’s 50 day simple moving average is $2.45 and its 200-day simple moving average is $2.60.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a $6.00 price target on shares of Bridger Aerospace Group in a research report on Wednesday, January 15th.

Bridger Aerospace Group 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.