Deerfield Mgmt Amends 13G/A on Owens & Minor Stake
Ticker: ACH · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 75252
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
Related Tickers: OM
TL;DR
**Deerfield Mgmt, L.P. updated their Owens & Minor stake, signaling a group investment.**
AI Summary
Deerfield Mgmt, L.P. filed an amended SC 13G/A on February 12, 2024, indicating a change in their beneficial ownership of Owens & Minor, Inc. (OM) common stock as of December 31, 2023. This filing, an amendment to a previous Schedule 13G, signals that Deerfield Mgmt, L.P. is part of a group holding OM shares, which could imply a coordinated investment strategy. For investors, this matters because significant changes in institutional ownership, especially by a group, can influence stock perception and potentially signal shifts in market sentiment or future strategic moves for Owens & Minor.
Why It Matters
Changes in major institutional holdings can signal shifts in confidence or strategy, potentially impacting stock price and investor sentiment for Owens & Minor.
Risk Assessment
Risk Level: low — This filing is a routine update on beneficial ownership and doesn't inherently indicate high risk, but rather transparency.
Analyst Insight
Investors should note the continued institutional interest from Deerfield Mgmt, L.P. and monitor future filings for changes in their beneficial ownership or any further group activity, as this could influence market perception of Owens & Minor.
Key Players & Entities
- Deerfield Management Company, L.P. (company) — group member reporting beneficial ownership
- Deerfield Mgmt, L.P. (company) — reporting person for the SC 13G/A filing
- Owens & Minor, Inc. (company) — the issuer of the common stock being reported
- Flynn James E (person) — filed the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed pursuant to Rule 13d-1(c) of the Securities Exchange Act of 1934.
Who is the issuer of the securities mentioned in this filing?
The issuer of the securities is Owens & Minor, Inc./VA/, with the CUSIP Number 690732102, as stated on page 1 of 9.
When was the event that required this filing?
The date of the event which requires this filing was December 31, 2023, as indicated on page 1 of 9.
Which entity is identified as the reporting person in this filing?
Deerfield Mgmt, L.P. is identified as one of the reporting persons, as shown on page 2 of 9.
Is the reporting person part of a group for this filing?
Yes, the reporting person, Deerfield Mgmt, L.P., checked box (b) on page 2 of 9, indicating they are a member of a group.
Filing Stats: 2,014 words · 8 min read · ~7 pages · Grade level 6.8 · Accepted 2024-02-12 17:29:41
Filing Documents
- e619248_sc13ga-om.htm (SC 13G/A) — 98KB
- 0001193805-24-000186.txt ( ) — 99KB
(a)
Item 1(a). Name of Issuer: Owens & Minor, Inc.
(b)
Item 1(b). Address of Issuer's Principal Executive Offices: 9120 Lockwood Boulevard Mechanicsville, VA, 23116
(a)
Item 2(a). Name of Person Filing: James E. Flynn, Deerfield Mgmt, L.P., Deerfield Partners, L.P. and Deerfield Management Company, L.P.
(b)
Item 2(b). Address of Principal Business Office, or if None, Residence: James E. Flynn, Deerfield Mgmt, L.P., Deerfield Partners, L.P. and Deerfield Management Company, L.P., 345 Park Avenue South, 12th Floor, New York, NY 10010
(c)
Item 2(c). Citizenship: Deerfield Mgmt, L.P., Deerfield Management Company, L.P. and Deerfield Partners, L.P. - Delaware limited partnerships; James E. Flynn – United States citizen
(d)
Item 2(d). Title of Class of Securities: Common Stock
(e)
Item 2(e). CUSIP Number: 690732102 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Exchange Act. (b) Bank as defined in Section 3(a)(6) of the Exchange Act. (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) Investment company registered under Section 8 of the Investment Company Act. (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; CUSIP No. 690732102 13G Page 7 of 9 (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: _________________ Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned**: Deerfield Mgmt, L.P. - 5,229,779 shares Deerfield Management Company, L.P. - 5,229,779 shares Deerfield Partners, L.P. - 5,229,779 shares James E. Flynn – 5,229,779 shares (b) Percent of class**: Deerfield Mgmt, L.P. – 6.84% Deerfield Management Company, L.P. – 6.84% Deerfield Partners, L.P. – 6.84% James E. Flynn – 6.84% (c) Number of shares as to which such person has**: (i) Sole power to vote or to direct the vote: All Reporting Persons - 0 (ii) Shared power to vote or to dire