HG Vora Capital Up 5% YTD, Updates Pinnacle Long Thesis

Parag Vora is mostly known to us from his presentation at last year’s Robin Hood Conference. Vora presented his thesis on Pinnacle Entertainment, Inc (NYSE:PNK), a company that operates casinos. Vora recently put money in another leisure company, Town Sports International Holdings, Inc. (NASDAQ:CLUB), where his fund bought a 16% stake. Town Sports operates over 160 fitness clubs through its four brand names. Vora has asked the company to look into share buybacks and/or dividends as well as explore options for sale. Vora Capital on Pinnacle Entertainment According to HG Vora Capital’s quarterly letter reviewed by ValueWalk, the fund managed only a 0.4% return in…