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Actionable news in SKX: SKECHERS U.S.A. Inc,

Insider Purchase Boosts Skechers USA Inc (SKX), But Hedge Funds Are Selling

At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Third Point because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps can provide the best returns over the long term due to the fact that these companies are less efficiently priced and are usually under the radars of mass-media, analysts and dumb money. This is why we follow the smart money moves in the small-cap space.

Skechers USA Inc (NYSE:SKX) has experienced a decrease in activity from the world’s largest hedge funds in recent months, with 10 fewer hedge funds owning shares on September 30 as did on March 31. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as MDU Resources Group Inc (NYSE:MDU), Energen Corporation (NYSE:EGN), and ABIOMED, Inc. (NASDAQ:ABMD) to gather more data points.

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful...


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