Wellington Management Amends Encompass Health Stake
Ticker: EHC · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 785161
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, healthcare
TL;DR
**Wellington Management updated its EHC stake, signaling a potential shift in institutional sentiment.**
AI Summary
Wellington Management Group LLP, a major investment firm, filed an amended Schedule 13G/A on February 8, 2024, indicating a change in its ownership of Encompass Health Corp (EHC) common stock. The filing, which reflects holdings as of December 29, 2023, is an update to their previous disclosures. This matters to investors because large institutional ownership changes can signal shifts in confidence or strategy regarding the stock, potentially influencing its future price movements.
Why It Matters
Changes in significant institutional holdings can impact a stock's perceived value and liquidity, potentially affecting its price. Investors should monitor such filings for insights into major players' sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not inherently present a direct risk to the company or its investors.
Analyst Insight
Investors should note Wellington Management's continued involvement with Encompass Health. While this filing doesn't detail the exact change in share count, it signals an updated position. Smart investors would look for the specific share count in the full filing to understand the magnitude of the change and consider it alongside other market data for Encompass Health.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person filing the SC 13G/A
- Encompass Health Corp (company) — the subject company whose securities are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No. 5'.
Who is the reporting person in this filing?
The reporting person is WELLINGTON MANAGEMENT GROUP LLP, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLINGTON MANAGEMENT GROUP LLP'.
What is the subject company whose securities are being reported?
The subject company is Encompass Health Corp, identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Encompass Health Corp'.
What is the CUSIP number for the securities discussed?
The CUSIP number for the Common Stock of Encompass Health Corp is 29261A100, as listed on the cover page.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified on the cover page.
Filing Stats: 1,963 words · 8 min read · ~7 pages · Grade level 9.9 · Accepted 2024-02-08 10:13:18
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 35KB
- 0000902219-24-000070.txt ( ) — 37KB
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. 5 ) * Encompass Health Corp (Name of Issuer) Common Stock (Title of Class of Securities) 29261A100 (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. 29261A100 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 7,805,156 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,215,770 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,215,770 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.20% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29261A100 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 7,805,156 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,215,770 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,215,770 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.20% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29261A100 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 7,805,156 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 8,215,770 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,215,770 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.20% 12. TYPE OF REPORTING PERSON HC CUSIP No. 29261A100 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 7,675,639 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 7,983,806 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,983,806 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.96% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Encompass Health Corp (b) Address of Issuer's Principal Executive Offices 9001 Liberty Parkway Birmingham, AL 35242 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 29261A100 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 Secti