Bamco Inc. NY Sells 29,987 Shares of On Holding AG (NYSE:ONON)

Bamco Inc. NY decreased its holdings in On Holding AG (NYSE:ONON - Free Report) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,156,895 shares of the company's stock after selling 29,987 shares during the period. Bamco Inc. NY owned about 0.50% of ON worth $158,318,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 1832 Asset Management L.P. boosted its stake in 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 valued at $93,500,000 after buying an additional 2,406,200 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in ON by 574.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,543,978 shares of the company's stock valued at $59,878,000 after buying an additional 1,315,006 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of ON in the second quarter valued at approximately $43,456,000. Renaissance Technologies LLC bought a new position in shares of ON during the 2nd quarter worth $27,975,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in ON by 100.7% during 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 purchasing an additional 642,894 shares during the period. Hedge funds and other institutional investors own 33.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ONON shares. KeyCorp upped their price target on ON from $47.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. UBS Group upped their target price on ON from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Williams Trading raised shares of ON from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $60.00 in a research note on Wednesday, November 13th. Morgan Stanley boosted their price target on shares of ON from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Wednesday, August 14th. Finally, BTIG Research upgraded ON from a "neutral" rating to a "buy" rating and set a $64.00 target price on the stock in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ON currently has an average rating of "Moderate Buy" and an average price target of $56.05.

ON Price Performance

Shares of ONON traded up $0.40 during mid-day trading on Monday, hitting $58.73. The company's stock had a trading volume of 2,490,130 shares, compared to its average volume of 4,894,028. On Holding AG has a fifty-two week low of $25.78 and a fifty-two week high of $59.19. The stock has a market capitalization of $36.98 billion, a price-to-earnings ratio of 135.65 and a beta of 2.25. The firm has a 50-day moving average price of $51.16 and a 200 day moving average price of $44.97.

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.