King Luther Capital Management Corp increased its stake in On Holding AG (NYSE:ONON - Free Report) by 104.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,555 shares of the company's stock after purchasing an additional 59,145 shares during the period. King Luther Capital Management Corp's holdings in ON were worth $5,075,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of ONON. Kestra Private Wealth Services LLC lifted its position in shares of ON by 151.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 18,878 shares of the company's stock valued at $829,000 after buying an additional 11,362 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in ON in the fourth quarter worth about $39,119,000. APEIRON CAPITAL Ltd lifted its holdings in ON by 35.9% in the first quarter. APEIRON CAPITAL Ltd now owns 999,125 shares of the company's stock valued at $43,882,000 after acquiring an additional 264,000 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of ON by 9.5% in the first quarter. OneDigital Investment Advisors LLC now owns 6,282 shares of the company's stock valued at $276,000 after purchasing an additional 544 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in ON during the fourth quarter worth about $28,575,000. 36.39% of the stock is currently owned by institutional investors.
ON Price Performance
ON stock traded up $1.21 during mid-day trading on Friday, reaching $45.42. The company had a trading volume of 7,077,750 shares, compared to its average volume of 5,470,840. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 2.18. The stock's 50-day simple moving average is $51.67 and its 200-day simple moving average is $50.77. On Holding AG has a 1 year low of $34.59 and a 1 year high of $64.05. The company has a market capitalization of $28.60 billion, a P/E ratio of 100.86, a P/E/G ratio of 2.75 and a beta of 2.24.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Piper Sandler reissued an "overweight" rating on shares of ON in a research note on Tuesday, May 13th. Jefferies Financial Group set a $40.00 price objective on shares of ON and gave the company an "underperform" rating in a research note on Wednesday. KeyCorp boosted their price target on ON from $60.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Robert W. Baird lifted their price target on shares of ON from $63.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $62.00 price objective on shares of ON in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.20.
Get Our Latest Stock Analysis on ON
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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