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 trimmed its stake in Pyrophyte Acquisition Corp. II (NYSE:PAII) by 33.3% in the fourth quarter, HoldingsChannel.com reports. 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 quarter.

Several other large investors have also bought and sold shares of PAII. Wolverine Asset Management LLC acquired a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth about $88,000. ABC Arbitrage SA bought a new stake in shares of Pyrophyte Acquisition Corp. II in the 4th quarter valued at about $252,000. Virtu Financial LLC acquired a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter valued at about $258,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Pyrophyte Acquisition Corp. II in the third quarter valued at about $726,000. Finally, Lineage Point Capital LP bought a new position in shares of Pyrophyte Acquisition Corp. II during the fourth quarter worth about $733,000.

Wall Street Analyst Weigh In

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

Pyrophyte Acquisition Corp. II Price Performance

Shares of NYSE PAII opened at $10.21 on Friday. The company’s fifty day simple moving average is $10.17 and its 200 day simple moving average is $10.11. 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 issued its earnings results on Friday, May 15th. The company reported $0.05 EPS for the quarter.

Pyrophyte Acquisition Corp. II 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.