Anomaly Capital Management LP reduced its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,169 shares of the company's stock after selling 1,947,762 shares during the period. Anomaly Capital Management LP's holdings in ON were worth $12,004,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. State Street Corp increased its holdings in shares of ON by 1.8% during the 3rd quarter. State Street Corp now owns 228,847 shares of the company's stock worth $11,477,000 after buying an additional 4,152 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of ON in the 3rd quarter valued at about $259,000. Lord Abbett & CO. LLC grew its holdings in shares of ON by 338.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 594,901 shares of the company's stock worth $29,834,000 after purchasing an additional 459,157 shares during the period. Principal Financial Group Inc. increased its position in ON by 96.5% during the 3rd quarter. Principal Financial Group Inc. now owns 101,784 shares of the company's stock worth $5,104,000 after purchasing an additional 49,995 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in ON by 12.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 10,333 shares of the company's stock valued at $566,000 after buying an additional 1,161 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.
ON Stock Performance
Shares of ONON stock opened at $41.30 on Tuesday. On Holding AG has a 1 year low of $29.84 and a 1 year high of $64.05. The stock has a fifty day moving average of $46.03 and a two-hundred day moving average of $51.68. The firm has a market capitalization of $26.00 billion, a PE ratio of 96.05, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32.
Analyst Ratings Changes
ONON has been the topic of a number of research reports. Jefferies Financial Group began coverage on shares of ON in a research note on Tuesday, April 1st. They issued a "hold" rating and a $44.00 target price on the stock. Bank of America initiated coverage on ON in a research note on Tuesday, January 7th. They issued a "buy" rating and a $73.00 target price for the company. Barclays upped their price target on ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Needham & Company LLC lowered their price target on shares of ON from $64.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Morgan Stanley boosted their price objective on shares of ON from $62.00 to $66.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.
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ON Company Profile
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Free Report)
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.
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