Eminence Capital Boosts Stake in Monster Worldwide (MNST) to 5.7%
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In a 13G filing after the close on Monster Worldwide, Inc. (Nasdaq: MNST), Eminence Capital disclosed a 5.7% stake (6,773,220 shares) in the company. This is up from the 4,964,648 share stake Eminence held at the quarter ended 3/3/08. A 13G indicates a 'passive investment.'
Monster Worldwide provides online employment solutions primarily in North America, Europe, and Asia. Shares of MNST are trading at 52-week low levels.
Eminence Capital is a New York-based hedge fund. The firm held about $4.5B in long positions at the quarter ended 03/31/08. Ricky C. Sandler is the managing member of Eminence Capital.
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