Hill Path Capital Amends United Parks & Resorts Filing

TL;DR

Hill Path Capital updated its stake in United Parks & Resorts. Keep an eye on this one.

AI Summary

Hill Path Capital LP, led by Scott Ross, has amended its Schedule 13D filing for United Parks & Resorts Inc. (formerly SeaWorld Entertainment, Inc.) on May 13, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. This amendment continues Hill Path Capital's ongoing reporting requirements related to their investment in the company.

Why It Matters

This filing update from a significant investor like Hill Path Capital signals potential shifts in the ownership structure or strategy for United Parks & Resorts, which could influence stock performance.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate active engagement by significant shareholders, potentially leading to strategic changes or activism that could impact the company's stock.

Key Players & Entities

• Hill Path Capital LP (company) — Filing entity
• Scott Ross (person) — Associated with Hill Path Capital LP
• United Parks & Resorts Inc. (company) — Subject company
• SeaWorld Entertainment, Inc. (company) — Former name of subject company

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock , par value $0.01 per share (Title of Class of Securiti

Filing Documents

• sc13da1711269002_05132024.htm (SC 13D/A) — 603KB
• 0000921895-24-001130.txt ( ) — 605KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended to add the following: The 67,872 Shares beneficially owned directly by Mr. Ross were awarded to him in his capacity as a director of the Issuer. The 32,228 Shares beneficially owned directly by Mr. Chambers were awarded to him in his capacity as a director of the Issuer.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) – (c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 62,490,845 Shares outstanding as of May 3, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 9, 2024. A. Hill Path Capital (a) As of the close of business on the date hereof, Hill Path Capital beneficially owned 5,885,065 Shares. Percentage: Approximately 9.4% (b) 1. Sole power to vote or direct vote: 5,885,065 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 5,885,065 4. Shared power to dispose or direct the disposition: 0 (c) Hill Path Capital has not entered into any transactions in the Shares during the past sixty days. B. Hill Path Co-Investment (a) As of the close of business on the date hereof, Hill Path Co-Investment beneficially owned 176,201 Shares. Percentage: Less than 1% (b) 1. Sole power to vote or direct vote: 176,201 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 176,201 4. Shared power to dispose or direct the disposition: 0 (c) Hill Path Co-Investment has not entered into any transactions in the Shares during the past sixty days. 22 CUSIP No. 81282V100 C. Hill Path H (a) As of the close of business on the date hereof, Hill Path H beneficially owned 1,334,162 Shares. Percentage: Approximately 2.1% (b) 1. Sole power to vote or direct vote: 1,334,162 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,334,162 4. Shared power to dispose or direct the disposition: 0 (c) Hill Path H has not entered into any transactions in the Shares during the past sixty days. D. Hill Path E (a) As of the close of business on the date hereof, Hill Path E benef

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View this SC 13D/A filing on SEC EDGAR