Two Sigma Advisers LP bought a new stake in shares of On Holding AG (NYSE:ONON - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 51,900 shares of the company's stock, valued at approximately $2,843,000.
Several other large investors have also recently made changes to their positions in ONON. Strategic Financial Concepts LLC purchased a new stake in shares of ON during the 4th quarter valued at $30,000. Legacy Bridge LLC purchased a new stake in shares of ON during the 4th quarter valued at $43,000. Bernard Wealth Management Corp. purchased a new stake in shares of ON during the 4th quarter valued at $44,000. Arcadia Investment Management Corp MI purchased a new stake in shares of ON during the 4th quarter valued at $53,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of ON during the 4th quarter valued at $65,000. 36.39% of the stock is owned by hedge funds and other institutional investors.
ON Stock Performance
NYSE ONON traded up $0.59 during trading hours on Friday, hitting $59.43. The company had a trading volume of 3,404,469 shares, compared to its average volume of 4,595,883. On Holding AG has a 52 week low of $34.59 and a 52 week high of $64.05. The firm has a 50 day simple moving average of $48.64 and a 200 day simple moving average of $52.39. The firm has a market capitalization of $37.42 billion, a price-to-earnings ratio of 138.21, a PEG ratio of 1.02 and a beta of 2.30.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. UBS Group set a $75.00 target price on ON in a research report on Wednesday, May 14th. Truist Financial increased their price target on ON from $61.00 to $69.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Citigroup upgraded ON from a "neutral" rating to a "buy" rating and cut their price target for the stock from $65.00 to $60.00 in a research note on Monday, April 28th. Finally, Cowen reiterated a "buy" rating on shares of ON in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $62.45.
Get Our Latest 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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