Mercuria Capital Strategies LLC Buys New Stake in Pyrophyte Acquisition Corp. II $PAII

Mercuria Capital Strategies LLC acquired a new position in shares of Pyrophyte Acquisition Corp. II (NYSE:PAII) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,515,000. Pyrophyte Acquisition Corp. II comprises about 2.1% of Mercuria Capital Strategies LLC’s investment portfolio, making the stock its 18th largest position. Mercuria Capital Strategies LLC owned approximately 0.92% of Pyrophyte Acquisition Corp. II as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC purchased a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth $88,000. ABC Arbitrage SA purchased a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth $252,000. Cantor Fitzgerald L. P. purchased a new position in Pyrophyte Acquisition Corp. II during the 3rd quarter worth $726,000. First Trust Capital Management L.P. purchased a new position in Pyrophyte Acquisition Corp. II during the 3rd quarter worth $2,490,000. Finally, Two Sigma Investments LP purchased a new position in Pyrophyte Acquisition Corp. II during the 3rd quarter worth $6,816,000.

Analysts Set New Price Targets

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

Pyrophyte Acquisition Corp. II Price Performance

Shares of Pyrophyte Acquisition Corp. II stock opened at $10.20 on Friday. Pyrophyte Acquisition Corp. II has a 1 year low of $9.92 and a 1 year high of $10.22. The company’s fifty day moving average is $10.16 and its two-hundred day moving average is $10.10.

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