Symmetry Investments LP Reduces Position in On Holding AG (NYSE:ONON)

Symmetry Investments LP lowered its holdings in On Holding AG (NYSE:ONON - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,000 shares of the company's stock after selling 54,000 shares during the period. Symmetry Investments LP's holdings in ON were worth $2,958,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Capital Advisors Inc. OK lifted its holdings in ON by 3.2% during the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock worth $350,000 after buying an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. lifted its stake in ON by 0.8% during the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock worth $1,639,000 after purchasing an additional 228 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in ON by 2.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock worth $516,000 after purchasing an additional 259 shares during the period. CreativeOne Wealth LLC increased its stake in ON by 2.4% during the fourth quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock valued at $743,000 after purchasing an additional 323 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in shares of ON by 6.6% during the fourth quarter. Atria Investments Inc now owns 5,515 shares of the company's stock worth $302,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Piper Sandler dropped their price target on ON from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group assumed coverage on shares of ON in a report on Tuesday, April 1st. They set a "hold" rating and a $44.00 price target for the company. Hsbc Global Res upgraded shares of ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Morgan Stanley boosted their target price on shares of ON from $62.00 to $66.00 and gave the company an "overweight" rating in a research note on Wednesday, March 5th. Finally, The Goldman Sachs Group cut shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price for the company. in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

ON Stock Up 3.4 %

NYSE:ONON opened at $42.71 on Wednesday. The stock has a fifty day simple moving average of $46.03 and a 200 day simple moving average of $51.68. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 99.32, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. On Holding AG has a 1-year low of $29.84 and a 1-year 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.

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