Picton Mahoney Asset Management Buys Shares of 577,603 Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO)

Picton Mahoney Asset Management purchased a new position in Patria Latin American Opportunity Acquisition Corp. (NASDAQ:PLAO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 577,603 shares of the company’s stock, valued at approximately $6,412,000.

Other institutional investors have also made changes to their positions in the company. Westchester Capital Management LLC increased 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 valued at $14,761,000 after buying an additional 252,464 shares in the last quarter. Periscope Capital Inc. raised its position in shares of Patria Latin American Opportunity Acquisition by 14.2% during the third quarter. Periscope Capital Inc. now owns 571,152 shares of the company’s stock worth $6,277,000 after purchasing an additional 71,152 shares during the period. Wolverine Asset Management LLC lifted its holdings 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 purchasing an additional 279,179 shares in the last quarter. Cowen AND Company LLC grew its position in shares of Patria Latin American Opportunity Acquisition by 356.2% in the 3rd quarter. Cowen AND Company LLC now owns 487,425 shares of the company’s stock valued at $5,357,000 after purchasing an additional 380,586 shares during the period. Finally, Shaolin Capital Management LLC increased its stake in Patria Latin American Opportunity Acquisition by 179.2% during the 3rd quarter. Shaolin Capital Management LLC now owns 475,000 shares of the company’s stock worth $5,220,000 after purchasing an additional 1,075,000 shares in the last quarter. 72.25% of the stock is owned by institutional investors and hedge funds.

Patria Latin American Opportunity Acquisition Stock Performance

PLAO stock remained flat at $11.36 during mid-day trading on Wednesday. 31 shares of the company’s stock traded hands, compared to its average volume of 79,587. Patria Latin American Opportunity Acquisition Corp. has a 52-week low of $10.59 and a 52-week high of $11.97. The business has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $11.17.

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.