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Highbridge Capital ups stake in WCI Communities to 8.54%
By Lisa Kerner
Charlotte, N.C., May 10 - WCI Communities Inc. investors led by Highbridge Capital Management, LLC purchased 600,000 shares of the company's stock between March 27 and May 8 priced from $20.71 to $21.93 per share.
The investors beneficially own 3,589,500 shares, or 8.54%, of the company's stock, according to a schedule 13D filed with the Securities and Exchange Commission.
On March 16, Highbridge Capital reported owning 2,989,500 shares, or 7.12%, of WCI Communities' stock.
WCI is a Bonita Springs, Fla., builder of master-planned lifestyle communities.
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