HG Vora Sells 300,000 Ryder System Shares Valued at $37.8 Million

HG Vora Capital Management sold 300,000 Ryder System shares, reducing its stake to 8.56% of reportable AUM. The sale resulted in a $37.77 million decrease in the fund's position value. Ryder's third-quarter earnings rose 2% YoY to $3.33 per share, marking the fourth consecutive quarter of growth. Despite challenging freight market conditions, the company has been able to maintain dividend payments for over 49 years.