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News  ›  The Motley Fool

This Fund Sold $39 Million of Boyd Gaming Stock While Exiting MGM and Downsizing United Parks Bets

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
This Fund Sold $39 Million of Boyd Gaming Stock While Exiting MGM and Downsizing United Parks Bets

New York-based investment fund HG Vora Capital Management sold its entire $39.1 million stake in Boyd Gaming during Q3, while also exiting MGM and reducing United Parks investments, signaling potential shifts in their leisure sector strategy.

Insights
BACpQ   negative

Buffett sold 41% of Berkshire's stake due to potential interest rate sensitivity, high valuation premium, and potential future tax considerations


BYD   neutral

Company remains fundamentally solid with disciplined capital returns, but recent profitability challenges and mixed financial results suggest limited near-term growth potential