OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 75,000 Shares of Pyrophyte Acquisition Corp. II $PAII

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Pyrophyte Acquisition Corp. II (NYSE:PAII) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 75,000 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pyrophyte Acquisition Corp. II were worth $1,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PAII. Two Sigma Investments LP bought a new position in shares of Pyrophyte Acquisition Corp. II in the third quarter worth about $6,816,000. Westchester Capital Management LLC bought a new position in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $2,515,000. First Trust Capital Management L.P. bought a new position in shares of Pyrophyte Acquisition Corp. II in the third quarter worth about $2,490,000. Mercuria Capital Strategies LLC bought a new position in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $2,515,000. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Pyrophyte Acquisition Corp. II in the third quarter worth about $726,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pyrophyte Acquisition Corp. II has a consensus rating of “Sell”.

Pyrophyte Acquisition Corp. II Price Performance

Shares of Pyrophyte Acquisition Corp. II stock opened at $10.19 on Tuesday. The stock has a 50 day moving average of $10.16 and a 200 day moving average of $10.10. Pyrophyte Acquisition Corp. II has a 12 month low of $9.92 and a 12 month high of $10.22.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Pyrophyte Acquisition Corp. II Company Profile

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long?term, sustainable?value approach.