Kayne Anderson Rudnick Investment Management LLC decreased its holdings in On Holding AG (NYSE:ONON - Free Report) by 8.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075,752 shares of the company's stock after selling 96,382 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.17% of ON worth $47,247,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in ONON. Invesco Ltd. boosted its position in shares of ON by 4.0% in the 4th quarter. Invesco Ltd. now owns 41,287 shares of the company's stock worth $2,261,000 after purchasing an additional 1,571 shares in the last quarter. MML Investors Services LLC boosted its position in shares of ON by 11.6% in the 4th quarter. MML Investors Services LLC now owns 48,190 shares of the company's stock worth $2,639,000 after purchasing an additional 4,990 shares in the last quarter. Stifel Financial Corp boosted its position in shares of ON by 9.4% in the 4th quarter. Stifel Financial Corp now owns 193,081 shares of the company's stock worth $10,575,000 after purchasing an additional 16,609 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of ON by 13.5% in the 4th quarter. OneDigital Investment Advisors LLC now owns 5,738 shares of the company's stock worth $314,000 after purchasing an additional 682 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in ON by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,600,649 shares of the company's stock worth $87,668,000 after acquiring an additional 79,680 shares during the period. Institutional investors and hedge funds own 36.39% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on ONON shares. Raymond James Financial cut ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price target for the company. in a research report on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Piper Sandler reaffirmed an "overweight" rating on shares of ON in a research report on Tuesday, May 13th. Jefferies Financial Group set a $40.00 price target on ON and gave the stock an "underperform" rating in a research report on Wednesday, August 13th. Finally, Evercore ISI lifted their price target on ON from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $64.20.
Check Out Our Latest Stock Report on ONON
ON Stock Performance
Shares of NYSE ONON traded up $0.46 during trading on Friday, reaching $45.05. 4,561,879 shares of the company traded hands, compared to its average volume of 7,990,111. The firm's fifty day simple moving average is $49.69 and its 200 day simple moving average is $49.68. The stock has a market cap of $28.37 billion, a P/E ratio of 100.12, a PEG ratio of 4.97 and a beta of 2.24. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The company has a current ratio of 2.53, a quick ratio of 2.00 and a debt-to-equity ratio of 0.31.
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.
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