{"id":9968,"date":"2009-02-24T00:00:00","date_gmt":"2009-02-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-sheds-sonesta-shares","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2009\/hedge-fund-sheds-sonesta-shares.html","title":{"rendered":"Hedge fund sheds Sonesta shares"},"content":{"rendered":"<p>Bizjournals.com &#8211; After watching Sonesta International Hotels Corp. lose roughly 70 percent of its stock market value over the past 18 months, a Connecticut hedge fund has shed roughly a third of its holdings in the Massachusetts-based hotel operator.<\/p>\n<p>In a recent regulatory filing, Mercury Real Estate Advisors, based in Greenwich, Conn., said it sold around 23,400 shares of Sonesta stock (Nasdaq: SNSTA) between Jan. 20 and Feb. 10, bringing its total ownership in the company to 206,048 shares. Those holdings equate to around 5.6 percent of Sonesta&rsquo;s common stock outstanding.<\/p>\n<p>Mercury&rsquo;s ownership stake was more than 9 percent in mid 2007, when Sonesta&rsquo;s stock traded above $30 a share. Sonesta&rsquo;s stock opened Monday at $9.50 a share.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bizjournals.com\/boston\/stories\/2009\/02\/23\/daily1.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bizjournals.com &#8211; After watching Sonesta International Hotels Corp. lose roughly 70 percent of its stock market value over the past 18 months, a Connecticut hedge fund has shed roughly a third of its holdings in the Massachusetts-based hotel operator. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8135,3735,1551,8136,8134,8138,8132,7388,8137,533,824,2861,8133,8131,8130],"class_list":["post-9968","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-common-stock","tag-conn","tag-connecticut","tag-greenwich","tag-hotel-operator","tag-hotels","tag-international-hotels-corp","tag-massachusetts","tag-mercury","tag-nasdaq","tag-ownership-stake","tag-real-estate","tag-snsta","tag-sonesta-international-hotels-corp","tag-stock-market-value"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9968"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9968\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}