On Holding AG (NYSE:ONON) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 155.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,813 shares of the company's stock after purchasing an additional 11,451 shares during the quarter. Fox Run Management L.L.C.'s holdings in ON were worth $1,030,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Capital Advisors Inc. OK grew its position in ON by 3.2% during the fourth quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock worth $350,000 after buying an additional 200 shares during the period. Concurrent Investment Advisors LLC grew its holdings in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock valued at $516,000 after buying an additional 259 shares during the last quarter. Atria Investments Inc raised its stake in ON by 6.6% in the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock valued at $302,000 after purchasing an additional 341 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of ON by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 10,708 shares of the company's stock valued at $586,000 after buying an additional 373 shares during the last quarter. Finally, Harbour Investments Inc. boosted its position in ON by 24.1% during the fourth quarter. Harbour Investments Inc. now owns 1,928 shares of the company's stock worth $106,000 after acquiring an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ONON. HSBC raised ON from a "hold" rating to a "buy" rating and set a $58.00 price target on the stock in a research note on Tuesday, March 11th. Needham & Company LLC reissued a "buy" rating and issued a $64.00 price target on shares of ON in a research note on Tuesday, March 4th. Barclays upped their price objective on shares of ON from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group cut shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price on the stock. in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price target on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $61.90.

ON Stock Performance

Shares of ON stock traded down $0.09 during trading hours on Thursday, reaching $45.96. The company's stock had a trading volume of 3,124,408 shares, compared to its average volume of 4,331,084. On Holding AG has a one year low of $29.84 and a one year high of $64.05. The company's 50 day simple moving average is $52.41 and its 200 day simple moving average is $52.62. The stock has a market cap of $28.94 billion, a P/E ratio of 106.88, a price-to-earnings-growth ratio of 1.02 and a beta of 2.35.

ON Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.