Cubist Systematic Strategies LLC Decreases Stake in DiamondHead Holdings Corp. (OTCMKTS:DHHCU)

Cubist Systematic Strategies LLC lowered its stake in DiamondHead Holdings Corp. (OTCMKTS:DHHCU – Get Rating) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,624 shares of the company’s stock after selling 3,683 shares during the period. Cubist Systematic Strategies LLC’s holdings in DiamondHead were worth $531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Glazer Capital LLC raised its holdings in shares of DiamondHead by 2,183.4% during the third quarter. Glazer Capital LLC now owns 10,458 shares of the company’s stock worth $104,000 after purchasing an additional 10,000 shares during the last quarter. UBS Group AG raised its holdings in shares of DiamondHead by 61.1% during the first quarter. UBS Group AG now owns 16,113 shares of the company’s stock worth $159,000 after purchasing an additional 6,113 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of DiamondHead by 5.4% during the second quarter. Jane Street Group LLC now owns 21,063 shares of the company’s stock worth $206,000 after purchasing an additional 1,084 shares during the last quarter. Sculptor Capital LP raised its holdings in shares of DiamondHead by 308,962.5% during the second quarter. Sculptor Capital LP now owns 24,725 shares of the company’s stock worth $242,000 after purchasing an additional 24,717 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of DiamondHead during the first quarter worth $1,834,000.

Insider Buying and Selling at DiamondHead

In other news, CEO David T. Hamamoto acquired 87,744 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was bought at an average price of $10.09 per share, with a total value of $885,336.96. Following the completion of the acquisition, the chief executive officer now owns 1,087,744 shares of the company’s stock, valued at $10,975,336.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO David T. Hamamoto bought 87,744 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were acquired at an average price of $10.09 per share, for a total transaction of $885,336.96. Following the completion of the transaction, the chief executive officer now directly owns 1,087,744 shares in the company, valued at $10,975,336.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David T. Hamamoto bought 1,000,000 shares of the company’s stock in a transaction dated Thursday, January 12th. The stock was 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 owns 1,000,000 shares of the company’s stock, valued at $10,090,000. The disclosure for this purchase can be found here.

DiamondHead Price Performance

Shares of DiamondHead stock opened at $10.12 on Monday. DiamondHead Holdings Corp. has a 1 year low of $9.65 and a 1 year high of $11.00. The firm has a fifty day moving average price of $10.20 and a 200 day moving average price of $10.04.

DiamondHead Company 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.