HMS Capital Management LLC Buys Shares of 5,752 On Holding AG (NYSE:ONON)

HMS Capital Management LLC acquired a new stake in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,752 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds also recently bought and sold shares of the business. Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter valued at about $26,000. Blue Trust Inc. raised its stake in ON by 319.8% during the third quarter. Blue Trust Inc. now owns 529 shares of the company's stock worth $27,000 after purchasing an additional 403 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in ON in the 3rd quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock valued at $28,000 after buying an additional 400 shares during the period. Finally, Legacy Bridge LLC acquired a new stake in shares of ON during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 36.39% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial upped their price objective on ON from $58.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Citigroup initiated coverage on ON in a report on Wednesday, December 18th. They set a "neutral" rating and a $65.00 price target for the company. UBS Group restated a "buy" rating and issued a $63.00 price objective on shares of ON in a report on Friday, December 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $67.00 target price on shares of ON in a research report on Wednesday, January 15th. Finally, Raymond James upgraded shares of ON from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $58.00 to $63.00 in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.73.

ON Price Performance

Shares of ONON stock traded down $0.43 during trading hours on Monday, hitting $51.94. The stock had a trading volume of 5,120,818 shares, compared to its average volume of 3,344,015. The stock's 50 day moving average is $56.89 and its 200 day moving average is $51.65. The firm has a market capitalization of $32.70 billion, a PE ratio of 120.79, a PEG ratio of 1.20 and a beta of 2.30. On Holding AG has a twelve month low of $27.37 and a twelve month high of $64.05.

About ON

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.