As Skechers U.S.A. INC (SKX) Share Price Declined, Shareholder Integre Asset Management LLC Has Cut Its Stake by $4.45 Million

July 18, 2017 - By Henry Gaston

Investors sentiment decreased to 0.82 in 2016 Q4. Its down 0.10, from 0.92 in 2016Q3. It dived, as 47 investors sold SKX shares while 99 reduced holdings. 46 funds opened positions while 74 raised stakes. 95.79 million shares or 1.00% more from 94.84 million shares in 2016Q3 were reported. Engineers Gate Manager Limited Partnership accumulated 89,846 shares. Voya Management Ltd Co has invested 0% in Skechers USA Inc (NYSE:SKX). 162,100 were reported by Bridgeway Capital Mgmt Incorporated. Public Employees Retirement Association Of Colorado has invested 0.01% in Skechers USA Inc (NYSE:SKX). Envestnet Asset stated it has 9,277 shares or 0% of all its holdings. Impact Advsrs Limited Liability has invested 0.49% in Skechers USA Inc (NYSE:SKX). Clearbridge Investments Limited reported 600 shares. Tiaa Cref Investment Mngmt Ltd Com accumulated 795,464 shares. Parkwood Ltd holds 0.05% or 12,222 shares in its portfolio. Janus Cap Mgmt Ltd Company has invested 0% in Skechers USA Inc (NYSE:SKX). Moreover, Creative Planning has 0% invested in Skechers USA Inc (NYSE:SKX) for 4,410 shares. Amica Mutual Insurance Communications has 165,022 shares for 0.36% of their portfolio. Aristotle Fund LP reported 511,000 shares stake. Kennedy Management reported 404,514 shares stake. Barclays Plc reported 0% in Skechers USA Inc (NYSE:SKX).

Since March 2, 2017, it had 0 insider purchases, and 6 selling transactions for $2.27 million activity. Walsh Thomas also sold $22,421 worth of Skechers USA Inc (NYSE:SKX) on Tuesday, March 28. WEINBERG DAVID had sold 23,502 shares worth $589,386. PACCIONE PHILLIP sold 18,794 shares worth $487,140. On Wednesday, March 15 NASON MARK A sold $500,011 worth of Skechers USA Inc (NYSE:SKX) or 18,376 shares. RAPPAPORT RICHARD had sold 1,500 shares worth $41,850.

Integre Asset Management Llc decreased its stake in Skechers U.S.A. Inc. (SKX) by 52.97% based on its latest 2016Q4 regulatory filing with the SEC. Integre Asset Management Llc sold 185,211 shares as the company’s stock declined 10.77% while stock markets rallied. The institutional investor held 164,417 shares of the consumer non-durables company at the end of 2016Q4, valued at $4.04M, down from 349,628 at the end of the previous reported quarter. Integre Asset Management Llc who had been investing in Skechers U.S.A. Inc. for a number of months, seems to be less bullish one the $4.53B market cap company. The stock decreased 0.35% or $0.1 on July 17, reaching $28.67. About shares traded. Skechers USA Inc (NYSE:SKX) has declined 20.35% since July 18, 2016 and is downtrending. It has underperformed by 37.05% the S&P500.

More news for Skechers USA Inc (NYSE:SKX) were recently published by: Businesswire.com, which released: “SKECHERS USA, Inc. to Report Second Quarter 2017 Financial Results on Thursday …” on July 13, 2017. Fool.com‘s article titled: “Why Skechers USA, Inc. Stock Popped 15.6% in June” and published on July 05, 2017 is yet another important article.

Skechers USA Inc (NYSE:SKX) Ratings Coverage

Among 16 analysts covering Skechers Usa Inc. (NYSE:SKX), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Skechers Usa Inc. has $185 highest and $2.50 lowest target. $57.46’s average target is 100.42% above currents $28.67 stock price. Skechers Usa Inc. had 43 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Skechers USA Inc (NYSE:SKX) earned “Neutral” rating by Susquehanna on Friday, August 12. The rating was maintained by Cowen & Co on Monday, April 24 with “Buy”. The firm earned “Neutral” rating on Friday, October 21 by Citigroup. The stock of Skechers USA Inc (NYSE:SKX) has “Buy” rating given on Friday, October 23 by B. Riley & Co. As per Thursday, July 30, the company rating was maintained by Monness Crespi & Hardt. The firm earned “Neutral” rating on Thursday, November 3 by B. Riley & Co. The company was downgraded on Wednesday, September 21 by Morgan Stanley. As per Monday, June 5, the company rating was upgraded by Susquehanna. Susquehanna downgraded the shares of SKX in report on Friday, January 22 to “Neutral” rating. The firm has “Outperform” rating given on Friday, March 24 by Cowen & Co.

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