Victory Capital Management Inc. Has $41.06 Million Stake in On Holding AG (NYSE:ONON)

Victory Capital Management Inc. reduced its position in On Holding AG (NYSE:ONON - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 749,593 shares of the company's stock after selling 13,514 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of ON worth $41,055,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA bought a new position in shares of ON during the third quarter valued at $26,000. MidAtlantic Capital Management Inc. acquired a new position in ON during the 3rd quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new position in shares of ON in the 4th quarter valued at about $30,000. Legacy Bridge LLC acquired a new stake in shares of ON during the 4th quarter worth approximately $43,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of ON during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 36.39% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ONON. Hsbc Global Res upgraded shares of ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Needham & Company LLC restated a "buy" rating and set a $64.00 target price on shares of ON in a report on Tuesday, March 4th. Citigroup started coverage on shares of ON in a research report on Wednesday, December 18th. They issued a "neutral" rating and a $65.00 price target on the stock. Robert W. Baird boosted their price objective on shares of ON from $55.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, TD Cowen lifted their price target on shares of ON from $65.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $61.90.

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ON Trading Up 3.5 %

Shares of ON stock traded up $1.56 on Wednesday, reaching $46.73. 3,935,543 shares of the company were exchanged, compared to its average volume of 4,527,191. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 108.68, a PEG ratio of 1.02 and a beta of 2.35. On Holding AG has a one year low of $27.37 and a one year high of $64.05. The company has a 50-day moving average of $54.48 and a 200 day moving average of $52.66.

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.