The heavy net selling by 16 institutions, particularly UBS's near-complete exit, signals deteriorating confidence. Monitor upcoming earnings for revenue and subscriber trends; the 0% bullish analyst consensus suggests further downside risk. The buying by Canada Pension Plan, Arrowstreet, and Mitsubishi UFJ may represent contrarian value bets, but the selling outweighs them 7:1 in dollar terms.
Executive Summary
A mixed institutional cluster in CHGG for Q3 2024 shows 10 buyers adding $2.6M in net new holdings (led by Canada Pension Plan, Arrowstreet, and Mitsubishi UFJ) while 16 sellers reduced positions by $17.5M, with UBS nearly exiting a $13.5M position. The net selling pressure and analyst consensus of 0% bullish suggest continued fundamental headwinds for the educational services company.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$15.0M
▲ Buyers (10)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Canada Pension Plan Investment | DOUBLED | +2126.9% | $205.0K | $189.0K |
| Arrowstreet Capital, Limited P | DOUBLED | +360.9% | $747.0K | $746.0K |
| First Trust Advisors | DOUBLED | +122% | $2.1M | $421.0K |
| Mitsubishi Ufj Trust & Banking | DOUBLED | +299.8% | $2.1M | $1.2M |
| Mackenzie Financial | ADD | +73.3% | $1.1M | -$32.1K |
▼ Sellers (16)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Ubs Am, A Distinct Business Un | NEAR_EXIT | -95.6% | $13.5M | -$13.2M |
| Invesco | TRIM | -40.9% | $1.8M | -$1.2M |
| Verition Fund Management | TRIM | -51% | $1.8M | -$1.3M |
| Ameriprise Financial | TRIM | -35.3% | $845.0K | -$538.9K |
| Franklin Resources | NEAR_EXIT | -79.4% | $259.0K | -$234.0K |
Key Facts
- 10 institutional buyers added $2.6M net, but 16 sellers reduced holdings by $17.5M, for net selling of ~$14.9M
- UBS nearly exited its entire position, selling 95.6% of shares worth $13.2M
- Canada Pension Plan Investment doubled its stake (+2,127% shares) to $205K
- Arrowstreet Capital more than quadrupled its position (+361%) to $747K
- Mitsubishi UFJ Trust doubled its stake (+300%) to $2.1M
- First Trust Advisors doubled its position (+122%) to $2.1M
- Invesco trimmed 40.9% of its holdings, selling $1.2M worth
- Verition Fund Management cut 51% of its position, selling $1.3M
- Analyst consensus is 0% bullish (0 Strong Buy, 0 Buy, 3 Hold, 2 Sell, 2 Strong Sell)
Financial Impact
Net institutional selling of approximately $14.9M in Q3 2024, with 10 buyers accumulating $2.6M and 16 sellers reducing by $17.5M
Risk Factors
- Continued institutional outflows could pressure the stock
- Analyst consensus is overwhelmingly bearish with 4 of 7 analysts at Sell or Strong Sell
- Historical performance shows prior neutral reports on CHGG led to average T+20 losses of -9.3%
- Educational services sector faces enrollment and pricing headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-CHGG-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $0.8786 $0.9788 | ▼ −11.40% | ▼ −10.80% | — |
Jun 12, 2026 16w ago | Institutional Cluster | $1.11 $0.8535 | ▲ +23.11% | ▲ +24.89% | — |
Jun 11, 2026 16w ago | Institutional Cluster | $1.15 $0.8939 | ▼ −22.27% | ▼ −24.16% | — |
Apr 15, 2026 24w ago | 8-K | $1.09 $0.9300 | ▼ −14.68% | ▼ −20.72% | — |
US Market Status
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