Fermi Inc. $FRMI Stock Holdings Increased by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of Fermi Inc. (NASDAQ:FRMI) by 997.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,879,838 shares of the company’s stock after purchasing an additional 1,708,587 shares during the quarter. CenterBook Partners LP owned 0.29% of Fermi worth $7,914,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Fermi in the 3rd quarter valued at about $64,000. Covestor Ltd grew its holdings in shares of Fermi by 16.2% during the third quarter. Covestor Ltd now owns 243,577 shares of the company’s stock worth $1,025,000 after buying an additional 34,005 shares in the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in Fermi in the 3rd quarter valued at approximately $108,000. Sumitomo Mitsui Trust Group Inc. raised its position in Fermi by 721.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 276,563 shares of the company’s stock valued at $1,164,000 after buying an additional 242,912 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in Fermi in the 3rd quarter valued at approximately $77,000.

Fermi Stock Performance

FRMI traded up $0.04 during trading on Friday, reaching $1.57. 28,708,492 shares of the stock were exchanged, compared to its average volume of 22,888,008. The stock has a market cap of $1.01 billion and a P/E ratio of -1.33. Fermi Inc. has a twelve month low of $1.44 and a twelve month high of $25.70. The stock’s 50 day moving average price is $3.88 and its two-hundred day moving average price is $6.31.

Fermi (NASDAQ:FRMI) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. During the same quarter last year, the firm posted ($0.02) earnings per share. Equities research analysts predict that Fermi Inc. will post -0.33 earnings per share for the current fiscal year.

Key Stories Impacting Fermi

Here are the key news stories impacting Fermi this week:

• Positive Sentiment: Neugebauer argued that shareholders, markets and Texas voters have rejected the board’s approach and pushed for Fermi to be sold. The prospect of a sale could offer a path to value, and coverage reported that FRMI shares rose amid the comments. No buyer or transaction terms were announced. Article: Neugebauer calls for Fermi sale
• Neutral Sentiment: Brokerage coverage describes the consensus rating for Fermi as “Moderate Buy,” reflecting existing analyst views rather than a clearly identified new upgrade in the latest reports. Article: Fermi rated Moderate Buy
• Negative Sentiment: Neugebauer disclosed selling 5 million shares on Nov. 5 and 94,000 shares on Nov. 4; another report also cited a sale of about 2.56 million shares on Nov. 3. Although he remains a major shareholder, the sales could weigh on sentiment amid the company’s boardroom conflict. Article: Neugebauer share sales

Insider Buying and Selling at Fermi

In related news, major shareholder Toby Neugebauer sold 5,000,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $1.52, for a total transaction of $7,600,000.00. Following the transaction, the insider directly owned 84,813,010 shares of the company’s stock, valued at approximately $128,915,775.20. The trade was a 5.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 12,125,749 shares of company stock worth $28,639,969. 2.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FRMI. Weiss Ratings cut shares of Fermi from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. Cantor Fitzgerald cut their price objective on shares of Fermi from $12.00 to $8.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Finally, Mizuho reduced their target price on shares of Fermi from $27.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fermi has an average rating of “Moderate Buy” and a consensus price target of $16.86.

Fermi Profile

Fermi, Inc (NASDAQ: FRMI) is an energy and infrastructure company focused on developing large-scale power and data center facilities for artificial intelligence and other high-performance computing applications. Its business model centers on integrating electricity generation, energy storage and data center infrastructure within a single campus.

The company’s principal development is Project Matador, a planned energy and data center campus in the Texas Panhandle. The project is designed to use a mix of power sources, including nuclear energy, natural gas, solar generation and battery storage, with the goal of providing reliable electricity for data center customers.

Fermi’s activities are currently concentrated in the United States, particularly Texas.