151,757 Shares in Pyrophyte Acquisition Corp. II $PAII Bought by Sona Asset Management US LLC

Sona Asset Management US LLC bought a new stake in Pyrophyte Acquisition Corp. II (NYSE:PAII) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 151,757 shares of the company’s stock, valued at approximately $1,540,000.

A number of other institutional investors have also bought and sold shares of PAII. Two Sigma Investments LP acquired a new stake in Pyrophyte Acquisition Corp. II during the 3rd quarter worth about $6,816,000. Westchester Capital Management LLC bought a new position in shares of Pyrophyte Acquisition Corp. II in the 4th quarter worth about $2,515,000. First Trust Capital Management L.P. acquired a new position in shares of Pyrophyte Acquisition Corp. II in the 3rd quarter valued at about $2,490,000. Mercuria Capital Strategies LLC acquired a new position in shares of Pyrophyte Acquisition Corp. II in the 4th quarter valued at about $2,515,000. Finally, Lineage Point Capital LP bought a new stake in shares of Pyrophyte Acquisition Corp. II during the 4th quarter valued at about $733,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pyrophyte Acquisition Corp. II in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Pyrophyte Acquisition Corp. II Stock Performance

NYSE:PAII opened at $10.23 on Monday. Pyrophyte Acquisition Corp. II has a twelve month low of $9.92 and a twelve month high of $10.25. The company has a fifty day moving average of $10.21 and a 200-day moving average of $10.15.

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