Why HG Vora Dumped $53.5 Million in United Parks Amid a 44% Stock Slide

New York City-based HG Vora Capital Management disclosed a significant reduction in its United Parks & Resorts Inc. (NYSE:PRKS) stake, cutting nearly 1.2 million shares for an estimated $53.5 million, per an SEC filing on Friday.According to a filing with the Securities and Exchange Commission released Friday, HG Vora Capital Management sold nearly 1.2 million shares of United Parks & Resorts Inc. (NYSE:PRKS) during the third quarter. The transaction reduced the position’s quarter-end value to $22 million, with the stake now totaling 425,000 shares.HG Vora's United Parks & Resorts Inc. position now represents 3% of 13F AUM, down from 11% in the prior quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool