Sciencast Management LP acquired a new stake in On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,461 shares of the company's stock, valued at approximately $1,285,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in shares of ON during the third quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in ON in the 4th quarter worth about $30,000. Legacy Bridge LLC bought a new position in ON in the fourth quarter valued at about $43,000. Arcadia Investment Management Corp MI acquired a new stake in shares of ON during the fourth quarter valued at about $53,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of ON during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 36.39% of the company's stock.
ON Trading Down 0.2 %
NYSE ONON traded down $0.09 on Thursday, hitting $45.96. 3,124,408 shares of the company were exchanged, compared to its average volume of 4,328,092. The stock has a fifty day moving average of $52.78 and a 200-day moving average of $52.71. On Holding AG has a 12 month low of $29.84 and a 12 month high of $64.05. The company has a market cap of $28.94 billion, a PE ratio of 106.88, a PEG ratio of 1.02 and a beta of 2.35.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on ONON shares. Bank of America assumed coverage on shares of ON in a report on Tuesday, January 7th. They issued a "buy" rating and a $73.00 price objective for the company. Stifel Nicolaus lifted their price target on shares of ON from $60.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. KeyCorp reissued an "overweight" rating and issued a $68.00 price objective on shares of ON in a research note on Wednesday, March 5th. Citigroup began coverage on ON in a report on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price objective for the company. Finally, The Goldman Sachs Group downgraded ON from a "buy" rating to a "neutral" rating and set a $57.00 target price on the stock. in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $61.90.
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ON Company Profile
(
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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