Stevens Capital Management LP acquired a new position in shares of On Holding AG (NYSE:ONON – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,368 shares of the company’s stock, valued at approximately $226,000.
Several other large investors have also recently added to or reduced their stakes in the company. Duality Advisers LP bought a new position in ON during the fourth quarter worth $1,159,000. APEIRON CAPITAL Ltd lifted its stake in ON by 4.5% in the fourth quarter. APEIRON CAPITAL Ltd now owns 1,085,922 shares of the company’s stock valued at $29,287,000 after buying an additional 47,229 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in ON in the fourth quarter valued at $245,000. J.W. Cole Advisors Inc. bought a new stake in ON in the fourth quarter valued at $360,000. Finally, Federated Hermes Inc. lifted its stake in ON by 54.2% in the fourth quarter. Federated Hermes Inc. now owns 555,000 shares of the company’s stock valued at $14,968,000 after buying an additional 195,000 shares during the last quarter. 33.11% of the stock is currently owned by institutional investors.
ON Trading Up 2.7 %
NYSE ONON traded up $0.85 during trading on Friday, reaching $32.79. 2,087,756 shares of the company’s stock were exchanged, compared to its average volume of 5,177,378. On Holding AG has a fifty-two week low of $23.41 and a fifty-two week high of $37.08. The firm has a market capitalization of $20.65 billion, a PE ratio of 121.44, a P/E/G ratio of 1.13 and a beta of 2.16. The company’s fifty day simple moving average is $33.17 and its 200-day simple moving average is $29.54.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Truist Financial raised their target price on ON from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, March 13th. Barclays assumed coverage on shares of ON in a research note on Monday, April 1st. They set an “overweight” rating and a $38.00 price objective on the stock. Telsey Advisory Group restated an “outperform” rating and set a $37.00 price objective on shares of ON in a research note on Wednesday. TheStreet cut shares of ON from a “c” rating to a “d+” rating in a research note on Monday, March 18th. Finally, Piper Sandler lifted their price objective on shares of ON from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.13.
View Our Latest Stock Report on ON
ON Company Profile
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.
Read More
- Five stocks we like better than ON
- How to Invest in the FAANG Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- The 3 Best Fintech Stocks to Buy Now
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.