Picton Mahoney Asset Management Acquires New Position in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)

Picton Mahoney Asset Management bought a new position in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 577,603 shares of the company's stock, valued at approximately $6,412,000. Picton Mahoney Asset Management owned 2.55% of Patria Latin American Opportunity Acquisition as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Cowen AND Company LLC lifted its holdings in shares of Patria Latin American Opportunity Acquisition by 356.2% during the 3rd quarter. Cowen AND Company LLC now owns 487,425 shares of the company's stock worth $5,357,000 after acquiring an additional 380,586 shares during the period. BCK Capital Management LP acquired a new position in shares of Patria Latin American Opportunity Acquisition in the 3rd quarter valued at $816,000. Wolverine Asset Management LLC grew its stake in shares of Patria Latin American Opportunity Acquisition by 111.4% during the 4th quarter. Wolverine Asset Management LLC now owns 529,834 shares of the company's stock valued at $5,881,000 after buying an additional 279,179 shares during the period. Periscope Capital Inc. increased its holdings in shares of Patria Latin American Opportunity Acquisition by 14.2% during the 3rd quarter. Periscope Capital Inc. now owns 571,152 shares of the company's stock worth $6,277,000 after buying an additional 71,152 shares during the last quarter. Finally, Westchester Capital Management LLC raised its position in shares of Patria Latin American Opportunity Acquisition by 23.1% in the 3rd quarter. Westchester Capital Management LLC now owns 1,343,137 shares of the company's stock worth $14,761,000 after buying an additional 252,464 shares during the period. 72.25% of the stock is currently owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Stock Performance

Patria Latin American Opportunity Acquisition stock remained flat at $11.36 during midday trading on Wednesday. The company had a trading volume of 31 shares, compared to its average volume of 79,587. The firm has a fifty day moving average price of $11.30 and a 200-day moving average price of $11.17. Patria Latin American Opportunity Acquisition Corp. has a 52-week low of $10.59 and a 52-week high of $11.97.

Patria Latin American Opportunity Acquisition Profile

Patria Latin American Opportunity Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, ordinary shares purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

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