1060 Capital LLC acquired a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $1,369,000. ON comprises approximately 2.7% of 1060 Capital LLC's holdings, making the stock its 9th biggest position.
Other large investors have also bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new stake in shares of ON in the 4th quarter valued at approximately $30,000. Legacy Bridge LLC bought a new stake in shares of ON during the fourth quarter worth $43,000. Bernard Wealth Management Corp. acquired a new position in shares of ON during the fourth quarter worth $44,000. Arcadia Investment Management Corp MI bought a new position in shares of ON in the 4th quarter valued at $53,000. Finally, VisionPoint Advisory Group LLC bought a new stake in ON during the 4th quarter worth $65,000. 36.39% of the stock is owned by institutional investors and hedge funds.
ON Trading Down 0.1 %
ONON traded down $0.06 during trading on Monday, hitting $48.86. 2,961,279 shares of the company's stock traded hands, compared to its average volume of 4,700,101. On Holding AG has a 12-month low of $29.84 and a 12-month high of $64.05. The stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 1.02 and a beta of 2.30. The company's 50 day simple moving average is $45.16 and its two-hundred day simple moving average is $51.45.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. KeyCorp dropped their target price on ON from $68.00 to $60.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. UBS Group increased their target price on ON from $56.00 to $59.00 and gave the stock a "buy" rating in a report on Monday, April 28th. TD Cowen boosted their price target on shares of ON from $65.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Needham & Company LLC cut their price target on ON from $64.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Stifel Nicolaus decreased their price target on shares of ON from $66.00 to $57.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two equities research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $58.77.
Read Our Latest Stock Report on ON
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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