Citadel Advisors LLC Purchases 938,301 Shares of DiamondHead Holdings Corp. (NASDAQ:DHHC)

Citadel Advisors LLC raised its position in shares of DiamondHead Holdings Corp. (NASDAQ:DHHC – Get Rating) by 183.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,449,884 shares of the company’s stock after acquiring an additional 938,301 shares during the quarter. Citadel Advisors LLC’s holdings in DiamondHead were worth $14,311,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in DiamondHead by 2,354.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 299,813 shares of the company’s stock valued at $2,953,000 after acquiring an additional 287,597 shares in the last quarter. Aristeia Capital LLC lifted its position in 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 acquiring an additional 50,000 shares in the last quarter. Verition Fund Management LLC lifted its position in 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 acquiring an additional 37,626 shares in the last quarter. Boothbay Fund Management LLC lifted its position in DiamondHead by 16.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 101,553 shares of the company’s stock valued at $1,000,000 after acquiring an additional 14,539 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in DiamondHead by 9.7% in the 3rd quarter. Hsbc Holdings PLC now owns 847,787 shares of the company’s stock valued at $8,376,000 after acquiring an additional 74,875 shares in the last quarter. 74.00% of the stock is owned by institutional investors.

Insider Activity at DiamondHead

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

DiamondHead Stock Down 1.4 %

DHHC stock opened at $10.30 on Friday. DiamondHead Holdings Corp. has a 12-month low of $9.77 and a 12-month high of $11.00. The stock’s 50 day simple moving average is $10.12 and its 200 day simple moving average is $10.00.

About DiamondHead

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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.