Guardian Partners Inc. Takes Position in On Holding AG (NYSE:ONON)

Guardian Partners Inc. bought a new stake in On Holding AG (NYSE:ONON - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,950 shares of the company's stock, valued at approximately $1,108,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONON. Fox Run Management L.L.C. raised its holdings in shares of ON by 155.5% in the fourth quarter. Fox Run Management L.L.C. now owns 18,813 shares of the company's stock valued at $1,030,000 after purchasing an additional 11,451 shares during the last quarter. Sei Investments Co. grew its position in ON by 78.0% in the fourth quarter. Sei Investments Co. now owns 490,503 shares of the company's stock valued at $26,865,000 after purchasing an additional 214,909 shares in the last quarter. Virtu Financial LLC increased its stake in ON by 29.9% in the 4th quarter. Virtu Financial LLC now owns 20,036 shares of the company's stock valued at $1,097,000 after buying an additional 4,610 shares during the last quarter. Quantbot Technologies LP lifted its position in ON by 86.0% during the 4th quarter. Quantbot Technologies LP now owns 290,301 shares of the company's stock worth $15,900,000 after buying an additional 134,207 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in shares of ON during the 4th quarter worth about $1,285,000. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analyst Weigh In

ONON has been the topic of a number of recent research reports. Williams Trading lifted their target price on ON from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Bank of America assumed coverage on ON in a research report on Tuesday, January 7th. They set a "buy" rating and a $73.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and issued a $64.00 target price on shares of ON in a research note on Tuesday, March 4th. Barclays boosted their target price on shares of ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Finally, HSBC upgraded shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, ON currently has a consensus rating of "Buy" and an average price target of $61.90.

Remove Ads

ON Stock Down 0.2 %

Shares of ON stock traded down $0.09 during trading 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 52 week low of $29.84 and a 52 week high of $64.05. The firm has a market cap of $28.94 billion, a PE ratio of 106.88, a P/E/G ratio of 1.02 and a beta of 2.35. The business's 50-day moving average price is $52.41 and its 200-day moving average price is $52.62.

ON Company 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.