SCHEDULE: FMR LLC Reduces Stake in Pennant Group to 3.1%
Beneficial Ownership Amendment
FMR LLC and Abigail P. Johnson have filed an amendment to their Schedule 13G, disclosing a beneficial ownership of 3.1% in Pennant Group Inc.'s common stock.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 2 to their Schedule 13G regarding their beneficial ownership in PENNANT GROUP INC.
- As of August 29, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 1,071,334.13 shares of PENNANT GROUP INC's common stock.
- This aggregate amount represents 3.1% of the total outstanding common stock of PENNANT GROUP INC.
- FMR LLC holds sole voting power over 1,068,803.00 shares and sole dispositive power over 1,071,334.13 shares.
- Abigail P. Johnson, through her role as Director, Chairman, and CEO of FMR LLC, is deemed to have shared dispositive power over the same 1,071,334.13 shares.
- The filing indicates 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.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment towards the issuer's performance or prospects.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
NA
Related Party Transactions
- Abigail P. Johnson is a Director, Chairman, and 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 its voting power. Through a shareholders' voting agreement, the Johnson family group may be deemed to form a controlling group with respect to FMR LLC.
Stakeholder Impact
- Shareholders of PENNANT GROUP INC will be informed of the reduced stake held by a significant institutional investor, FMR LLC, which may influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 2025-08-29 | Date of event which required the filing of this statement (beneficial ownership change). |
| 2025-09-05 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Keywords
PENNANT GROUP INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Ownership Disclosure, Investment Management
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