Wellington Management Cuts Myriad Genetics Stake to 5.0%

TL;DR

**Wellington Management Group LLP just trimmed its MYGN stake to 5.0%.**

AI Summary

Wellington Management Group LLP, a major investment firm, filed an amended Schedule 13G/A on February 8, 2024, disclosing its ownership in Myriad Genetics, Inc. (MYGN). The filing indicates that as of December 29, 2023, Wellington Management Group LLP beneficially owned 5.0% of Myriad Genetics' common stock. This is a decrease from their previous reported ownership, signaling a reduction in their stake, which could be interpreted by investors as a shift in their confidence in the company's future performance.

Why It Matters

A significant institutional investor reducing its stake can signal a lack of confidence in the company's future prospects, potentially influencing other investors' decisions and the stock price.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake could indicate potential headwinds or a change in their investment thesis for Myriad Genetics.

Analyst Insight

Investors should monitor Myriad Genetics' upcoming earnings reports and news for any fundamental reasons behind Wellington Management's reduced stake, and consider if this aligns with their own investment thesis.

Key Numbers

• 5.0% — Beneficial Ownership (Wellington Management Group LLP's percentage of Myriad Genetics common stock owned as of December 29, 2023)

Key Players & Entities

• Wellington Management Group LLP (company) — the reporting person decreasing its beneficial ownership
• Myriad Genetics, Inc. (company) — the subject company whose common stock is being reported
• Massachusetts (company) — place of organization for Wellington Management Group LLP
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Myriad Genetics' stock price may experience short-term downward pressure due to the reduced institutional ownership. (Myriad Genetics, Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 35KB
• 0000902219-24-000105.txt ( ) — 36KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * Myriad Genetics, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 62855J104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 62855J104 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,697,742 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 7,219,706 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,219,706 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.07% 12. TYPE OF REPORTING PERSON HC CUSIP No. 62855J104 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,697,742 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 7,219,706 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,219,706 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.07% 12. TYPE OF REPORTING PERSON HC CUSIP No. 62855J104 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,697,742 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 7,219,706 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,219,706 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.07% 12. TYPE OF REPORTING PERSON HC CUSIP No. 62855J104 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 5,638,211 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 6,853,604 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,853,604 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.66% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Myriad Genetics, Inc. (b) Address of Issuer's Principal Executive Offices 322 North 2200 West Salt Lake City, UT 84116 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 62855J104 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 Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Sec

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View this SC 13G/A filing on SEC EDGAR