OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.51 Million Position in Pyrophyte Acquisition Corp. II $PAII

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Pyrophyte Acquisition Corp. II (NYSE:PAII) by 33.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,000 shares of the company’s stock after selling 75,000 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of Pyrophyte Acquisition Corp. II worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PAII. Two Sigma Investments LP bought a new position in Pyrophyte Acquisition Corp. II in the 3rd quarter valued at approximately $6,816,000. Cantor Fitzgerald L. P. acquired a new stake in Pyrophyte Acquisition Corp. II in the third quarter valued at approximately $726,000. First Trust Capital Management L.P. bought a new stake in shares of Pyrophyte Acquisition Corp. II during the third quarter worth $2,490,000. Wolverine Asset Management LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II during the fourth quarter worth $88,000. Finally, ABC Arbitrage SA acquired a new position in shares of Pyrophyte Acquisition Corp. II during the fourth quarter worth $252,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Pyrophyte Acquisition Corp. II Stock Performance

NYSE:PAII opened at $10.21 on Friday. The stock’s 50-day moving average is $10.17 and its 200-day moving average is $10.11. Pyrophyte Acquisition Corp. II has a 1-year low of $9.92 and a 1-year high of $10.22.

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

About Pyrophyte Acquisition Corp. II

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.