Yorktown Management & Research Co Inc Purchases New Shares in On Holding AG (NYSE:ONON)

Yorktown Management & Research Co Inc purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,600 shares of the company's stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ONON. Private Trust Co. NA acquired a new position in shares of ON during the 3rd quarter worth about $26,000. Blue Trust Inc. increased its position in ON by 319.8% during the 3rd quarter. Blue Trust Inc. now owns 529 shares of the company's stock worth $27,000 after purchasing an additional 403 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in ON by 210.5% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 590 shares of the company's stock valued at $28,000 after acquiring an additional 400 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in ON in the 3rd quarter valued at approximately $29,000. Finally, Legacy Bridge LLC acquired a new stake in shares of ON during the fourth quarter worth $43,000. 36.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ONON. Raymond James raised shares of ON from an "outperform" rating to a "strong-buy" rating and raised their price objective for the company from $58.00 to $63.00 in a research note on Thursday, November 21st. UBS Group reiterated a "buy" rating and issued a $63.00 target price on shares of ON in a research note on Friday, December 27th. Robert W. Baird raised their price objective on shares of ON from $55.00 to $63.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. BTIG Research upgraded shares of ON from a "neutral" rating to a "buy" rating and set a $64.00 price objective for the company in a report on Wednesday, November 13th. Finally, Barclays lifted their target price on shares of ON from $47.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $59.73.

ON Stock Performance

Shares of ON stock traded up $0.68 on Wednesday, reaching $59.02. 3,053,542 shares of the company were exchanged, compared to its average volume of 3,384,602. The company's 50-day moving average is $57.42 and its two-hundred day moving average is $50.83. The firm has a market cap of $37.16 billion, a price-to-earnings ratio of 137.25, a P/E/G ratio of 1.21 and a beta of 2.30. On Holding AG has a 1-year low of $27.02 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.