Citadel Advisors LLC Has $14.31 Million Position in DiamondHead Holdings Corp. (NASDAQ:DHHC)

Citadel Advisors LLC raised its stake in DiamondHead Holdings Corp. (NASDAQ:DHHC – Get Rating) by 183.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,449,884 shares of the company’s stock after buying an additional 938,301 shares during the period. Citadel Advisors LLC owned about 3.36% of DiamondHead worth $14,311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cubist Systematic Strategies LLC grew its position in shares of DiamondHead by 2,354.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 299,813 shares of the company’s stock valued at $2,953,000 after buying an additional 287,597 shares during the last quarter. Aristeia Capital LLC grew its position in shares of DiamondHead by 3.0% in the 3rd quarter. Aristeia Capital LLC now owns 1,700,000 shares of the company’s stock valued at $16,745,000 after buying an additional 50,000 shares during the last quarter. Verition Fund Management LLC grew its position in shares of DiamondHead by 34.2% in the 3rd quarter. Verition Fund Management LLC now owns 147,501 shares of the company’s stock valued at $1,456,000 after buying an additional 37,626 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of DiamondHead by 16.7% during the 3rd quarter. Boothbay Fund Management LLC now owns 101,553 shares of the company’s stock valued at $1,000,000 after purchasing an additional 14,539 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of DiamondHead by 9.7% during the 3rd quarter. Hsbc Holdings PLC now owns 847,787 shares of the company’s stock valued at $8,376,000 after purchasing an additional 74,875 shares in the last quarter. Institutional investors own 74.00% of the company’s stock.

DiamondHead Stock Performance

Shares of DiamondHead stock opened at $10.30 on Friday. DiamondHead Holdings Corp. has a one year low of $9.77 and a one year high of $11.00. The stock’s 50-day moving average is $10.12 and its 200 day moving average is $10.00.

Insider Activity at DiamondHead

In other DiamondHead news, CEO David T. Hamamoto bought 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The shares were bought at an average price of $10.09 per share, for a total transaction of $10,090,000.00. Following the transaction, the chief executive officer now directly owns 1,000,000 shares in the company, valued at $10,090,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other DiamondHead news, CEO David T. Hamamoto bought 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, January 12th. The shares were bought at an average price of $10.09 per share, for a total transaction of $10,090,000.00. Following the transaction, the chief executive officer now directly owns 1,000,000 shares in the company, valued at $10,090,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David T. Hamamoto purchased 87,744 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was purchased at an average price of $10.09 per share, for a total transaction of $885,336.96. Following the acquisition, the chief executive officer now owns 1,087,744 shares of the company’s stock, valued at approximately $10,975,336.96. The disclosure for this purchase can be found here. 20.00% of the stock is owned by corporate insiders.

DiamondHead Profile

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DiamondHead Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.