Fortress Investment Group LLC Buys Shares of 158,300 WhiteFiber, Inc. $WYFI

Key Points

• Fortress Investment Group bought 158,300 shares of WhiteFiber (NASDAQ:WYFI) in Q3 — a new position valued at about $4.30 million, representing roughly 0.41% of the company.
• Several other institutions (including Two Sigma, VanEck and Ghisallo) also initiated stakes in Q3, while WYFI is trading down about 6.1% around $15.75 with a market cap near $602.6 million.
• Analyst sentiment skews positive with nine Buys, one Hold and one Sell and a consensus price target of $36.22 (average rating: Moderate Buy); WhiteFiber positions itself as a provider of AI infrastructure and GPU-based HPC cloud services.

Fortress Investment Group LLC purchased a new position in WhiteFiber, Inc. (NASDAQ:WYFI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 158,300 shares of the company's stock, valued at approximately $4,301,000. Fortress Investment Group LLC owned about 0.41% of WhiteFiber as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. J.W. Cole Advisors Inc. bought a new stake in shares of WhiteFiber during the 3rd quarter valued at about $260,000. Gladstone Institutional Advisory LLC bought a new position in WhiteFiber in the third quarter worth about $349,000. Two Sigma Investments LP bought a new position in WhiteFiber in the third quarter worth about $396,000. Van ECK Associates Corp acquired a new position in WhiteFiber in the third quarter valued at approximately $579,000. Finally, Ghisallo Capital Management LLC bought a new position in shares of WhiteFiber during the third quarter valued at approximately $679,000.

WhiteFiber Trading Down 6.1%

WYFI opened at $15.75 on Monday. The business's 50 day moving average is $18.24 and its 200-day moving average is $21.64. The stock has a market cap of $602.60 million and a PE ratio of -33.51. WhiteFiber, Inc. has a twelve month low of $13.91 and a twelve month high of $40.75.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WYFI shares. Weiss Ratings reiterated a "sell (d)" rating on shares of WhiteFiber in a research report on Monday, December 29th. Citizens Jmp set a $37.00 price objective on WhiteFiber in a research note on Wednesday, November 19th. B. Riley Financial dropped their target price on WhiteFiber from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, December 24th. Citigroup assumed coverage on WhiteFiber in a research note on Wednesday, November 19th. They issued an "outperform" rating on the stock. Finally, HC Wainwright reissued a "buy" rating and set a $34.00 price target on shares of WhiteFiber in a report on Monday, January 26th. Nine investment 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.22.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.

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