Harbour Capital Advisors LLC bought a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,390 shares of the company's stock, valued at approximately $237,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of ON during the 4th quarter valued at about $164,574,000. Arrowstreet Capital Limited Partnership acquired a new stake in ON during the fourth quarter valued at approximately $78,799,000. Axiom Investors LLC DE bought a new stake in ON during the fourth quarter worth approximately $39,320,000. BNP Paribas Financial Markets acquired a new position in ON in the fourth quarter worth approximately $39,119,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ON during the 4th quarter valued at $28,575,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.
ON Stock Up 0.1%
Shares of ONON stock traded up $0.07 on Thursday, hitting $51.55. The company's stock had a trading volume of 4,552,434 shares, compared to its average volume of 4,555,286. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 73.64, a P/E/G ratio of 3.00 and a beta of 2.35. On Holding AG has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The firm's fifty day moving average price is $53.04 and its 200-day moving average price is $52.19. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.80 and a quick ratio of 2.18.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Barclays set a $68.00 target price on ON in a research report on Wednesday, May 14th. Piper Sandler restated an "overweight" rating on shares of ON in a report on Tuesday, May 13th. Williams Trading raised their target price on shares of ON from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Morgan Stanley dropped their target price on shares of ON from $66.00 to $62.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $65.00 price target on shares of ON in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $63.85.
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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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