Calamos Advisors LLC decreased its stake in On Holding AG (NYSE:ONON - Free Report) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,715 shares of the company's stock after selling 10,933 shares during the quarter. Calamos Advisors LLC's holdings in ON were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of ON in the fourth quarter worth about $164,574,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of ON in the fourth quarter worth about $78,799,000. Axiom Investors LLC DE bought a new stake in shares of ON in the fourth quarter worth about $39,320,000. BNP Paribas Financial Markets bought a new stake in shares of ON in the fourth quarter worth about $39,119,000. Finally, Raymond James Financial Inc. bought a new stake in shares of ON in the fourth quarter worth about $28,575,000. Institutional investors and hedge funds own 36.39% of the company's stock.
ON Price Performance
Shares of ONON traded down $1.68 during midday trading on Tuesday, hitting $52.68. The company's stock had a trading volume of 4,988,632 shares, compared to its average volume of 4,673,353. On Holding AG has a one year low of $34.59 and a one year high of $64.05. The company's fifty day simple moving average is $54.55 and its two-hundred day simple moving average is $51.94. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 75.26, a price-to-earnings-growth ratio of 3.07 and a beta of 2.25.
Analyst Ratings Changes
Several brokerages have issued reports on ONON. Piper Sandler restated an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Robert W. Baird boosted their target price on ON from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. HSBC raised shares of ON from a "hold" rating to a "buy" rating and set a $58.00 price target for the company in a research note on Tuesday, March 11th. Barclays set a $68.00 target price on shares of ON in a report on Wednesday, May 14th. Finally, Cowen reiterated a "buy" rating on shares of ON in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ON currently has a consensus rating of "Buy" and an average target price of $63.85.
Check Out Our Latest Research Report on ONON
ON 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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.
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