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 lowered its position in Pyrophyte Acquisition Corp. II (NYSE:PAII) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 owned about 0.55% of Pyrophyte Acquisition Corp. II worth $1,509,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth $88,000. ABC Arbitrage SA bought a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth $252,000. Cantor Fitzgerald L. P. bought a new stake in shares of Pyrophyte Acquisition Corp. II in the third quarter worth $726,000. Westchester Capital Management LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth $2,515,000. Finally, First Trust Capital Management L.P. bought a new stake in shares of Pyrophyte Acquisition Corp. II in the third quarter worth $2,490,000.

Analyst Upgrades and Downgrades

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

Pyrophyte Acquisition Corp. II Stock Performance

Shares of PAII opened at $10.19 on Tuesday. The business has a 50-day simple moving average of $10.16 and a two-hundred day simple moving average of $10.10. Pyrophyte Acquisition Corp. II has a 52 week low of $9.92 and a 52 week high of $10.22.

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