Landscape Capital Management L.L.C. Makes New $4.22 Million Investment in On Holding AG (NYSE:ONON)

Landscape Capital Management L.L.C. bought a new stake in On Holding AG (NYSE:ONON - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 84,218 shares of the company's stock, valued at approximately $4,224,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC grew its holdings in ON by 1.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 23,806 shares of the company's stock valued at $924,000 after buying an additional 300 shares in the last quarter. Capital Advisors Inc. OK boosted its holdings in ON by 5.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 6,186 shares of the company's stock valued at $310,000 after purchasing an additional 301 shares during the period. Artemis Investment Management LLP grew its position in shares of ON by 1.9% during the 2nd quarter. Artemis Investment Management LLP now owns 16,410 shares of the company's stock worth $637,000 after purchasing an additional 302 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in ON by 3.2% during the second quarter. Crossmark Global Holdings Inc. now owns 10,423 shares of the company's stock worth $404,000 after buying an additional 325 shares in the last quarter. Finally, Asset Dedication LLC increased its position in shares of ON by 25.8% in the second quarter. Asset Dedication LLC now owns 1,592 shares of the company's stock worth $62,000 after purchasing an additional 327 shares during the period. Institutional investors own 33.11% of the company's stock.

Wall Street Analysts Forecast Growth

ONON has been the topic of several analyst reports. Bank of America upgraded shares of ON from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $21.00 to $55.00 in a research report on Monday, September 23rd. Piper Sandler raised their price objective on ON from $52.00 to $56.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. TD Cowen increased their target price on shares of ON from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Stifel Nicolaus increased their price objective on shares of ON from $45.00 to $59.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Finally, Hsbc Global Res upgraded ON to a "hold" rating in a research report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.33.

ON Stock Up 0.7 %

NYSE:ONON opened at $53.75 on Thursday. The business's 50-day moving average price is $50.01 and its two-hundred day moving average price is $43.68. The stock has a market cap of $33.84 billion, a P/E ratio of 125.00 and a beta of 2.25. On Holding AG has a twelve month low of $25.78 and a twelve month high of $56.44.

About ON

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.

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