Dimensional Fund Advisors Cuts Adtalem Global Education Stake to 9.2%

TL;DR

**Big fund Dimensional just trimmed its Adtalem stake to 9.2%, watch for potential ripple effects.**

AI Summary

Dimensional Fund Advisors LP, a major investment firm, filed an amended SC 13G/A on February 9, 2024, updating its ownership in Adtalem Global Education Inc. As of December 29, 2023, Dimensional reported beneficial ownership of 4,007,853 shares of Adtalem's Common Stock, representing 9.2% of the company. This is a decrease from their previous filing, indicating they've sold some shares, which could signal a slight loss of confidence or a portfolio rebalancing, potentially impacting investor sentiment.

Why It Matters

When a large institutional investor like Dimensional Fund Advisors reduces its stake, it can signal a shift in their outlook on the company's future prospects, which might influence other investors' decisions.

Risk Assessment

Risk Level: medium — A reduction in ownership by a significant institutional investor can sometimes precede a decline in stock price if other investors interpret it as a bearish signal.

Analyst Insight

Investors should monitor Adtalem Global Education Inc.'s stock performance and news for any further institutional selling or buying trends, as a significant fund reducing its stake could signal underlying concerns or simply portfolio rebalancing.

Key Numbers

• 4,007,853 — Shares Beneficially Owned (This is the total number of Adtalem Global Education Inc. common stock shares Dimensional Fund Advisors LP reported owning as of December 29, 2023.)
• 9.2% — Percentage of Class (This represents the percentage of Adtalem Global Education Inc.'s common stock that Dimensional Fund Advisors LP beneficially owns, indicating a significant but reduced stake.)
• December 29, 2023 — Event Date (This is the specific date that triggered the requirement for Dimensional Fund Advisors LP to file this amendment, reflecting their ownership position on that day.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person who filed the SC 13G/A
• Adtalem Global Education Inc. (company) — the subject company whose shares are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A
• 4,007,853 shares (dollar_amount) — the number of shares beneficially owned by Dimensional Fund Advisors LP
• 9.2% (dollar_amount) — the percentage of Adtalem Global Education Inc. common stock beneficially owned by Dimensional Fund Advisors LP

Forward-Looking Statements

• Adtalem Global Education Inc. stock price may experience short-term volatility due to the reduction in institutional ownership. (Adtalem Global Education Inc.) — medium confidence, target: 3 months
• Other institutional investors might re-evaluate their positions in Adtalem Global Education Inc. following Dimensional Fund Advisors' reduced stake. (Adtalem Global Education Inc.) — medium confidence, target: 6 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-002920.txt ( ) — 19KB

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. 8 ) * Adtalem Global Education Inc (Name of Issuer) Common Stock (Title of Class of Securities) 00737L103 (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. 00737L103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 3,329,644 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 3,377,396 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,377,396 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.5% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Adtalem Global Education Inc (b) Address of Issuer's Principal Executive Offices 3005 Highland Parkway, Downers Grove, IL 60515 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 00737L103 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 Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 3,377,396 ** see Note 1 ** (b) Percent of Class: 8.5% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 3,329,644 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 3,377,396 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and