Cinctive Capital Management LP bought a new stake in On Holding AG (NYSE:ONON - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 154,223 shares of the company's stock, valued at approximately $6,773,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. BW Gestao de Investimentos Ltda. acquired a new stake in ON in the first quarter valued at approximately $1,335,000. Alliancebernstein L.P. boosted its position in ON by 13.9% in the first quarter. Alliancebernstein L.P. now owns 19,794,811 shares of the company's stock valued at $869,388,000 after buying an additional 2,416,534 shares in the last quarter. Amundi boosted its position in ON by 2.9% in the first quarter. Amundi now owns 449,440 shares of the company's stock valued at $19,739,000 after buying an additional 12,724 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in ON by 9.9% in the first quarter. Federation des caisses Desjardins du Quebec now owns 24,710 shares of the company's stock valued at $1,086,000 after buying an additional 2,222 shares in the last quarter. Finally, PDT Partners LLC boosted its position in ON by 95.6% in the first quarter. PDT Partners LLC now owns 154,492 shares of the company's stock valued at $6,785,000 after buying an additional 75,499 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.
Wall Street Analyst Weigh In
ONON has been the topic of a number of research analyst reports. Truist Financial raised their target price on shares of ON from $61.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus lifted their price target on shares of ON from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Raymond James Financial lowered shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price target on the stock. in a report on Tuesday, July 22nd. Needham & Company LLC reiterated a "buy" rating and set a $62.00 price target on shares of ON in a report on Tuesday, August 12th. Finally, KeyCorp lifted their price target on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, ON currently has a consensus rating of "Moderate Buy" and an average target price of $64.20.
Check Out Our Latest Stock Analysis on ONON
ON Trading Down 1.1%
Shares of NYSE:ONON traded down $0.53 during mid-day trading on Friday, reaching $45.52. 5,229,940 shares of the company's stock were exchanged, compared to its average volume of 7,063,184. On Holding AG has a twelve month low of $34.59 and a twelve month high of $64.05. The business's fifty day moving average price is $48.99 and its 200-day moving average price is $49.44. The firm has a market capitalization of $28.66 billion, a price-to-earnings ratio of 101.16, a PEG ratio of 6.52 and a beta of 2.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53.
About ON
(
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.
Read More
Before you consider ON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.
While ON currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
