International Assets Investment Management LLC raised its position in Skechers U.S.A., Inc. (NYSE:SKX – Free Report) by 13,753.3% in the fourth quarter, HoldingsChannel reports. The fund owned 12,468 shares of the textile maker’s stock after purchasing an additional 12,378 shares during the quarter. International Assets Investment Management LLC’s holdings in Skechers U.S.A. were worth $777,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in SKX. Huntington National Bank lifted its holdings in shares of Skechers U.S.A. by 861.7% in the 3rd quarter. Huntington National Bank now owns 577 shares of the textile maker’s stock worth $28,000 after purchasing an additional 517 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Skechers U.S.A. in the third quarter valued at $31,000. Planned Solutions Inc. acquired a new position in shares of Skechers U.S.A. during the fourth quarter valued at about $70,000. Meeder Asset Management Inc. bought a new stake in shares of Skechers U.S.A. during the fourth quarter worth about $77,000. Finally, Gateway Investment Advisers LLC acquired a new stake in shares of Skechers U.S.A. in the 4th quarter worth about $204,000. Institutional investors and hedge funds own 79.96% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued…
