Engineers Gate Manager LP sold 474,675 shares of Fermi Inc. (FRMI) during the second quarter. This transaction reduced the firm's position by 90%. The manager now holds 52,554 shares. This remaining stake is valued at approximately $481,000.
Director James Perry also sold a substantial number of shares. These sales occur while Fermi shares trade near their 52-week low.
The company remains unprofitable and anticipates a full-year loss. Analysts currently maintain a consensus Moderate Buy rating.