Hill Path Capital LP Amends Stake in United Parks & Resorts

TL;DR

Hill Path Capital LP updated their 13D filing for United Parks & Resorts. Keep an eye on this one.

AI Summary

Hill Path Capital LP, managed by Scott Ross, has amended its Schedule 13D filing regarding United Parks & Resorts Inc. (formerly SeaWorld Entertainment, Inc.). The filing, dated August 12, 2024, indicates a change in their beneficial ownership of the company's common stock. Hill Path Capital LP is based in New York, NY.

Why It Matters

This amendment signals a potential shift in significant shareholder activity for United Parks & Resorts, which could influence stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.

Key Players & Entities

• Hill Path Capital LP (company) — Filing entity
• Scott Ross (person) — Manager of 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

• sc13da1811269002_08122024.htm (SC 13D/A) — 604KB
• 0000921895-24-001749.txt ( ) — 606KB

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 49,029 Shares beneficially owned directly by Mr. Ross were awarded to him in his capacity as a director of the Issuer. The 19,824 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 57,951,580 Shares outstanding as of August 2, 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 August 8, 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 10.2% (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 2.3% (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

View Full Filing

View this SC 13D/A filing on SEC EDGAR