Voya Investment Management LLC Has $26.48 Million Position in On Holding AG $ONON

Key Points

• Voya Investment Management LLC has sold 37,242 shares of On Holding AG, reducing its holdings by 5.8% to a total of 602,830 shares, valued at approximately $26.5 million.
• Several institutional investors have increased their stakes in On Holding AG, with Sciencast Management LP leading the way by boosting its holdings by 32.3% during the same period.
• Wall Street analysts have given mixed ratings on On Holding AG, with price targets ranging from $40.00 to $79.00 and an average rating of "Moderate Buy" based on analysts' assessments.

Voya Investment Management LLC trimmed its stake in On Holding AG (NYSE:ONON - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 602,830 shares of the company's stock after selling 37,242 shares during the period. Voya Investment Management LLC owned about 0.10% of ON worth $26,476,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Sciencast Management LP grew its position in ON by 32.3% in the first quarter. Sciencast Management LP now owns 31,042 shares of the company's stock valued at $1,363,000 after acquiring an additional 7,581 shares during the period. First Dallas Securities Inc. grew its position in ON by 13.5% in the first quarter. First Dallas Securities Inc. now owns 14,290 shares of the company's stock valued at $628,000 after acquiring an additional 1,695 shares during the period. Guardian Partners Inc. grew its position in ON by 26.1% in the first quarter. Guardian Partners Inc. now owns 25,150 shares of the company's stock valued at $1,105,000 after acquiring an additional 5,200 shares during the period. ThornTree Capital Partners LP grew its position in ON by 23.6% in the first quarter. ThornTree Capital Partners LP now owns 450,282 shares of the company's stock valued at $19,776,000 after acquiring an additional 86,120 shares during the period. Finally, Panoramic Capital LLC bought a new stake in ON in the first quarter valued at $439,000. 36.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ONON has been the topic of several research analyst reports. Raymond James Financial cut ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 target price on the stock. in a report on Tuesday, July 22nd. Telsey Advisory Group restated an "outperform" rating and set a $65.00 target price on shares of ON in a report on Thursday, August 7th. Morgan Stanley increased their target price on ON from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. UBS Group increased their target price on ON from $75.00 to $79.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Needham & Company LLC restated a "buy" rating and set a $62.00 target price on shares of ON in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.20.

ON Stock Up 0.5%

Shares of NYSE:ONON traded up $0.23 during trading on Friday, hitting $45.22. 6,126,229 shares of the company's stock traded hands, compared to its average volume of 4,729,396. On Holding AG has a 52 week low of $34.59 and a 52 week 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. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 100.49, a price-to-earnings-growth ratio of 5.81 and a beta of 2.23. The company has a 50-day moving average price of $47.09 and a 200-day moving average price of $49.09.

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.