APEIRON CAPITAL Ltd Cuts Stake in On Holding AG (NYSE:ONON)

APEIRON CAPITAL Ltd cut its holdings in On Holding AG (NYSE:ONON - Free Report) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,125 shares of the company's stock after selling 369,900 shares during the quarter. ON makes up about 15.0% of APEIRON CAPITAL Ltd's holdings, making the stock its 2nd biggest holding. APEIRON CAPITAL Ltd owned 0.12% of ON worth $40,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ONON. 1832 Asset Management L.P. lifted its position in shares of ON by 66,838.9% during the second quarter. 1832 Asset Management L.P. now owns 2,409,800 shares of the company's stock worth $93,500,000 after purchasing an additional 2,406,200 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in ON by 574.3% in the second quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company's stock valued at $59,878,000 after acquiring an additional 1,315,006 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of ON in the second quarter valued at approximately $27,975,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in ON by 100.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,281,339 shares of the company's stock valued at $49,716,000 after buying an additional 642,894 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of ON by 189.9% in the 3rd quarter. Cerity Partners LLC now owns 719,493 shares of the company's stock valued at $36,083,000 after purchasing an additional 471,323 shares during the last quarter. Institutional investors own 36.39% of the company's stock.

ON Stock Up 1.1 %

ON stock traded up $0.59 during trading hours on Tuesday, hitting $55.21. The stock had a trading volume of 2,920,707 shares, compared to its average volume of 2,729,649. On Holding AG has a fifty-two week low of $26.03 and a fifty-two week high of $60.12. The company has a 50-day moving average of $54.80 and a two-hundred day moving average of $47.92. The company has a market cap of $34.76 billion, a PE ratio of 128.40 and a beta of 2.30.

Analyst Ratings Changes

A number of research analysts have recently commented on ONON shares. Robert W. Baird increased their price objective on ON from $55.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. BTIG Research upgraded ON from a "neutral" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Wednesday, November 13th. Bank of America started coverage on ON in a research report on Tuesday. They issued a "buy" rating and a $73.00 target price for the company. Williams Trading raised ON from a "hold" rating to a "buy" rating and increased their price target for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Finally, Needham & Company LLC assumed coverage on ON in a research report on Friday, November 22nd. They set a "buy" rating and a $64.00 price target on the stock. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ON has an average rating of "Moderate Buy" and a consensus target price of $57.59.

ON 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.