FMR LLC & Abigail Johnson Hold 12.787% Stake in Beauty Health Co
Ticker: SKIN · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1818093
| Field | Detail |
|---|---|
| Company | Beauty Health Co (SKIN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 12.787% of Beauty Health Co, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in The Beauty Health Co. As of January 10, 2024, they collectively beneficially own 16,786,185 shares of Class A Common Stock, representing 12.787% of the company. This filing indicates a significant, albeit slightly reduced, continued interest from a large institutional investor, which can signal confidence in the company's long-term prospects to current and potential shareholders.
Why It Matters
This filing shows a prominent institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial ownership in Beauty Health Co, which can be a positive signal of institutional confidence for investors.
Risk Assessment
Risk Level: low — This is an amendment to an existing filing, indicating a stable, albeit slightly adjusted, institutional ownership position, which generally presents low risk.
Analyst Insight
A smart investor would note the continued significant institutional ownership by FMR LLC and Abigail P. Johnson, which could be a sign of long-term confidence, but also recognize this is an amendment, not a new position, and further research the company's fundamentals.
Key Numbers
- 16,786,185 — shares beneficially owned (total Class A Common Stock owned by FMR LLC and Abigail P. Johnson)
- 12.787% — percent of class (percentage of The Beauty Health Co's Class A Common Stock owned by FMR LLC and Abigail P. Johnson)
- 20240110 — filing date (date the SC 13G/A amendment was filed)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- The Beauty Health Co (company) — the issuer of the securities
- Vesper Healthcare Acquisition Corp. (company) — former name of The Beauty Health Co
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially fluctuating, stake in The Beauty Health Co. (FMR LLC) — medium confidence, target: next 12 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of Class A Common Stock shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 16,786,185 shares of Class A Common Stock, as indicated in Item 7 and Item 4(a) of their respective sections.
What percentage of The Beauty Health Co's Class A Common Stock do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 12.787% of The Beauty Health Co's Class A Common Stock, as stated in Item 11 and Item 4(b) of their respective sections.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further clarified in Item 3.
What is the CUSIP number for The Beauty Health Co's Class A Common Stock?
The CUSIP number for The Beauty Health Co's Class A Common Stock is 88331L108, as specified in the filing's header and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 by Abigail P. Johnson regarding Beauty Health Co (SKIN).