SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 6.7% Passive Stake in Acadia Healthcare
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have filed a Schedule 13G disclosing a passive beneficial ownership of 6.7% of Acadia Healthcare Co Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, have filed a Schedule 13G with the SEC.
- The filing indicates beneficial ownership of 6,230,631.46 shares of ACADIA HEALTHCARE CO INC common stock.
- This aggregate amount represents 6.7% of the class of securities outstanding.
- The filing was made under Rule 13d-1(b), signifying that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC is classified as a parent holding company and investment adviser, while Abigail P. Johnson is classified as an individual.
- Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's Series B voting common shares (49% voting power) and have a shareholders' voting agreement.
- The filing reflects securities beneficially owned by FMR LLC, its subsidiaries, and affiliates, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by a major investment management firm in a publicly traded healthcare company. It does not provide specific insights into Acadia Healthcare's operational performance or strategic direction, but rather reflects an investment position within the healthcare sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholder Agreement Disclosure | Members of the Johnson family, including Abigail P. Johnson, who are predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power), have entered into a shareholders' voting agreement. This agreement dictates that all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | NA | This agreement centralizes voting power within the Johnson family regarding FMR LLC, which indirectly influences the voting of shares held by FMR LLC and its affiliates. |
Related Party Transactions
- Abigail P. Johnson is a Director, the Chairman, and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power. This establishes a direct relationship between the individual reporting person and the institutional reporting person.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson. This can offer insights into institutional confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of filing of this Schedule 13G. |
Keywords
ACADIA HEALTHCARE CO INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Healthcare, Investment Management, Passive Investment
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