As Skechers U.S.A. INC (SKX) Stock Declined, Integre Asset Management LLC Has Decreased Holding by $4.45 Million

July 18, 2017 - By wolcottdaily

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. Amica Retiree Tru has invested 0.36% of its portfolio in Skechers USA Inc (NYSE:SKX). Thompson Siegel Walmsley Ltd invested in 19 shares or 0% of the stock. Mark Sheptoff Fincl Planning Limited Com accumulated 2,350 shares. Primecap Mgmt Co Ca holds 0% or 73,000 shares. Canada Pension Plan Board holds 44,200 shares or 0% of its portfolio. The Massachusetts-based Boston Prns has invested 0.05% in Skechers USA Inc (NYSE:SKX). Aperio Grp Ltd accumulated 18,404 shares or 0% of the stock. Bank & Trust Of America De owns 1.63 million shares for 0.01% of their portfolio. Ubs Asset Americas stated it has 70,168 shares or 0% of all its holdings. Foundation Asset Mngmt Ltd Partnership holds 0.82% or 110,000 shares. First Ltd Partnership invested in 0.01% or 127,211 shares. Goelzer Inv Mgmt holds 0.17% in Skechers USA Inc (NYSE:SKX) or 53,385 shares. Raymond James Associates invested in 27,582 shares or 0% of the stock. Prescott Grp Incorporated Capital Mgmt Limited Liability Company owns 32,000 shares. The Massachusetts-based Wellington Management Group Llp has invested 0% in Skechers USA Inc (NYSE:SKX).

Since March 2, 2017, it had 0 insider purchases, and 6 insider sales for $2.27 million activity. RAPPAPORT RICHARD sold $41,850 worth of stock or 1,500 shares. 18,376 shares were sold by NASON MARK A, worth $500,011 on Wednesday, March 15. Shares for $589,386 were sold by WEINBERG DAVID on Tuesday, May 2. PACCIONE PHILLIP sold 18,794 shares worth $487,140. Another trade for 750 shares valued at $22,421 was sold by Walsh Thomas.

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 $4.53 billion 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 has “Hold” rating by Standpoint Research on Thursday, March 16. The firm earned “Neutral” rating on Friday, August 12 by Susquehanna. The stock has “Neutral” rating by Buckingham Research on Friday, October 23. The firm earned “Buy” rating on Tuesday, October 13 by Argus Research. Monness Crespi & Hardt maintained the shares of SKX in report on Thursday, July 30 with “Buy” rating. As per Thursday, April 7, the company rating was initiated by Macquarie Research. The stock has “Neutral” rating by B. Riley & Co on Thursday, November 3. The company was maintained on Wednesday, June 21 by Cowen & Co. The firm earned “Buy” rating on Friday, October 23 by Monness Crespi & Hardt. The firm has “Outperform” rating given on Tuesday, December 6 by Wells Fargo.

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