Cambridge Investment Research Advisors Inc. lowered its stake in On Holding AG (NYSE:ONON - Free Report) by 12.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 33,032 shares of the company's stock after selling 4,812 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in ON were worth $1,451,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ONON. Park Square Financial Group LLC acquired a new position in shares of ON during the fourth quarter worth about $32,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of ON in the first quarter valued at approximately $32,000. Bernard Wealth Management Corp. acquired a new stake in shares of ON in the fourth quarter valued at approximately $44,000. Point72 Hong Kong Ltd acquired a new stake in shares of ON in the fourth quarter valued at approximately $69,000. Finally, Parallel Advisors LLC boosted its holdings in shares of ON by 53.4% in the first quarter. Parallel Advisors LLC now owns 1,292 shares of the company's stock valued at $57,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 36.39% of the company's stock.
ON Trading Up 0.1%
Shares of NYSE ONON traded up $0.04 during mid-day trading on Monday, hitting $54.35. 5,432,301 shares of the company traded hands, compared to its average volume of 4,672,087. The business has a 50 day moving average of $54.55 and a two-hundred day moving average of $51.94. The stock has a market capitalization of $34.22 billion, a price-to-earnings ratio of 77.64, a PEG ratio of 3.07 and a beta of 2.25. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on ONON shares. Raymond James Financial reissued a "strong-buy" rating on shares of ON in a report on Wednesday, May 14th. Evercore ISI increased their price target on ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. UBS Group set a $75.00 price target on ON in a report on Wednesday, May 14th. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Finally, KeyCorp increased their price target on ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, ON presently has a consensus rating of "Buy" and a consensus target price of $63.85.
View Our Latest Stock Analysis 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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