Allspring Global Investments Holdings LLC boosted its stake in shares of On Holding AG (NYSE:ONON - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,708,416 shares of the company's stock after purchasing an additional 76,746 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.27% of ON worth $46,076,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Spire Wealth Management grew its position in shares of ON by 91.0% during the 3rd quarter. Spire Wealth Management now owns 972 shares of the company's stock valued at $27,000 after acquiring an additional 463 shares during the period. Belpointe Asset Management LLC boosted its holdings in ON by 75.3% in the 1st quarter. Belpointe Asset Management LLC now owns 1,057 shares of the company's stock worth $33,000 after buying an additional 454 shares during the last quarter. Asset Dedication LLC purchased a new stake in ON during the 3rd quarter worth approximately $35,000. Signaturefd LLC raised its holdings in shares of ON by 816.7% during the third quarter. Signaturefd LLC now owns 1,375 shares of the company's stock valued at $38,000 after acquiring an additional 1,225 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of ON by 63.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,521 shares of the company's stock valued at $42,000 after acquiring an additional 592 shares in the last quarter. Institutional investors and hedge funds own 33.11% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on ONON. Stifel Nicolaus reaffirmed a "buy" rating and set a $40.00 target price on shares of ON in a research note on Tuesday, March 5th. TheStreet downgraded shares of ON from a "c" rating to a "d+" rating in a research report on Monday, March 18th. Barclays started coverage on shares of ON in a research report on Monday, April 1st. They issued an "overweight" rating and a $38.00 price objective on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $37.00 target price on shares of ON in a research report on Wednesday, March 6th. Finally, Evercore ISI decreased their price objective on shares of ON from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.13.
Get Our Latest Analysis on ONON
ON Stock Up 0.2 %
Shares of ONON stock traded up $0.07 during trading hours on Friday, hitting $32.87. 9,483,899 shares of the company were exchanged, compared to its average volume of 5,474,545. The firm has a market cap of $20.70 billion, a PE ratio of 121.48, a PEG ratio of 1.25 and a beta of 2.16. The firm has a fifty day moving average of $32.54 and a 200 day moving average of $29.09. On Holding AG has a 1 year low of $23.41 and a 1 year high of $37.08.
ON (NYSE:ONON - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). ON had a net margin of 4.04% and a return on equity of 6.85%. The business had revenue of $504.69 million for the quarter, compared to analyst estimates of $515.30 million. Analysts expect that On Holding AG will post 0.67 earnings per share for the current year.
ON Profile
(
Free Report)
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.
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