Vontobel Holding Ltd. Raises Stock Position in On Holding AG (NYSE:ONON)

Vontobel Holding Ltd. increased its position in On Holding AG (NYSE:ONON - Free Report) by 41.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 46,180 shares of the company's stock after buying an additional 13,566 shares during the period. Vontobel Holding Ltd.'s holdings in ON were worth $2,028,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Peregrine Capital Management LLC boosted its holdings in ON by 3.5% in the 1st quarter. Peregrine Capital Management LLC now owns 183,070 shares of the company's stock worth $8,040,000 after buying an additional 6,114 shares during the period. MorganRosel Wealth Management LLC bought a new position in ON in the 1st quarter worth $48,000. Artemis Investment Management LLP boosted its holdings in ON by 4.2% in the 1st quarter. Artemis Investment Management LLP now owns 12,715 shares of the company's stock worth $558,000 after buying an additional 517 shares during the period. Atala Financial Inc lifted its stake in ON by 77.7% in the 1st quarter. Atala Financial Inc now owns 34,625 shares of the company's stock worth $1,519,000 after purchasing an additional 15,143 shares in the last quarter. Finally, Chung Wu Investment Group LLC purchased a new stake in ON in the 1st quarter worth $233,000. Institutional investors own 36.39% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on ONON. Cowen reiterated a "buy" rating on shares of ON in a research note on Wednesday, May 14th. Stifel Nicolaus boosted their price target on shares of ON from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $65.00 to $60.00 in a research note on Monday, April 28th. Raymond James Financial reiterated a "strong-buy" rating on shares of ON in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group began coverage on shares of ON in a research note on Tuesday, April 1st. They issued a "hold" rating and a $44.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $63.85.

ON Trading Up 0.1%

ON stock traded up $0.04 during midday trading on Monday, reaching $54.35. The stock had a trading volume of 5,432,301 shares, compared to its average volume of 4,672,086. The company has a quick ratio of 2.18, a current ratio of 2.80 and a debt-to-equity ratio of 0.19. On Holding AG has a 52-week low of $34.59 and a 52-week high of $64.05. The firm has a market cap of $34.22 billion, a price-to-earnings ratio of 77.64, a price-to-earnings-growth ratio of 3.07 and a beta of 2.25. The company has a fifty day moving average of $54.55 and a 200 day moving average of $51.94.

ON Profile

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.