HG Vora Sells $53.5 Million in United Parks Amid 44% Stock Slide

HG Vora Capital Management has sold 1.2 million shares of United Parks & Resorts Inc. for $53.5 million, reducing its stake to 425,000 shares, or 3% of its 13F AUM. The move comes after the company's revenue fell 6.2% to $511.9 million and attendance dropped 3.4% to 6.8 million guests in the third quarter. Shares of United Parks & Resorts Inc. have declined 44% over the past year, underperforming the S&P 500.