SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 5.0% Stake in AdaptHealth Corp.
Beneficial Ownership Update
FMR LLC and Abigail P. Johnson have filed an Amendment No. 2 to Schedule 13G, disclosing a continued beneficial ownership of 5.0% of AdaptHealth Corp.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 6,712,339.58 shares of AdaptHealth Corp. common stock.
- This ownership represents 5.0% of the total outstanding common stock of AdaptHealth Corp.
- FMR LLC holds sole voting power over 6,708,626.00 shares and sole dispositive power over 6,712,339.58 shares.
- Abigail P. Johnson holds sole dispositive power over 6,712,339.58 shares, with no sole or shared voting power.
- The filing is an Amendment No. 2 to a previously filed Schedule 13G, indicating an update to their beneficial ownership status.
- The filing confirms 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 its subsidiaries FIAM LLC, Fidelity Management & Research Company LLC, and Strategic Advisers LLC are classified as investment advisers.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive. While a Schedule 13G is a factual disclosure, the continued maintenance of a 5.0% stake by a prominent institutional investor like FMR LLC, explicitly stating the investment is in the ordinary course of business and not for control, can be interpreted as a vote of confidence in AdaptHealth Corp. This stability in ownership by a major player is generally viewed favorably by the market.
Positives
- A major institutional investor, FMR LLC, along with its CEO Abigail P. Johnson, maintaining a 5.0% beneficial ownership stake in AdaptHealth Corp. can be viewed as a sign of continued confidence in the company.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, which suggests a passive, long-term investment perspective.
Future Outlook
NA
Industry Context
This filing indicates continued institutional interest in the healthcare services sector, specifically in companies like AdaptHealth Corp. that provide home medical equipment and related services. The maintenance of a significant stake by a large asset manager like FMR LLC suggests a stable, long-term view on the sector's prospects, despite broader economic conditions.
Stakeholder Impact
- Shareholders: The continued significant ownership by FMR LLC and Abigail P. Johnson may provide a sense of stability and confidence, potentially influencing investor sentiment positively.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC and its subsidiaries. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where its Power of Attorney (Exhibit 24) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 05/09/2025 | Date of filing of this Schedule 13G Amendment No. 2. |
Keywords
AdaptHealth Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure, Healthcare Services
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