Fullerton Fund Management Co Ltd. acquired a new position 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 institutional investor acquired 292,221 shares of the company's stock, valued at approximately $16,005,000.
A number of other hedge funds also recently bought and sold shares of ONON. Legacy Bridge LLC bought a new position in shares of ON during the 4th quarter worth approximately $43,000. Bernard Wealth Management Corp. bought a new stake in ON during the 4th quarter worth about $44,000. Arcadia Investment Management Corp MI acquired a new position in ON during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC bought a new position in ON in the fourth quarter valued at about $65,000. Finally, Blue Trust Inc. raised its stake in shares of ON by 148.8% during the fourth quarter. Blue Trust Inc. now owns 1,316 shares of the company's stock worth $66,000 after buying an additional 787 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Needham & Company LLC boosted their target price on ON from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Barclays dropped their price target on ON from $64.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday. Stifel Nicolaus decreased their price objective on ON from $66.00 to $57.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. The Goldman Sachs Group downgraded shares of ON from a "buy" rating to a "neutral" rating and set a $57.00 target price on the stock. in a report on Wednesday, February 12th. Finally, Citigroup upgraded shares of ON from a "neutral" rating to a "buy" rating and reduced their price target for the company from $65.00 to $60.00 in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ON presently has an average rating of "Buy" and a consensus target price of $58.18.
Get Our Latest Report on ON
ON Stock Up 11.9%
ONON traded up $6.10 on Tuesday, hitting $57.41. The company's stock had a trading volume of 14,610,382 shares, compared to its average volume of 4,702,216. The company's 50 day simple moving average is $45.33 and its 200-day simple moving average is $51.52. On Holding AG has a 12 month low of $33.55 and a 12 month high of $64.05. The firm has a market cap of $36.15 billion, a P/E ratio of 133.51, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30.
ON Profile
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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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