Cerity Partners LLC acquired a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 241,760 shares of the company's stock, valued at approximately $6,520,000.
A number of other large investors also recently bought and sold shares of ONON. Durable Capital Partners LP grew its stake in shares of ON by 114.5% during the 1st quarter. Durable Capital Partners LP now owns 11,028,390 shares of the company's stock worth $278,357,000 after purchasing an additional 5,887,034 shares during the period. American Century Companies Inc. grew its stake in shares of ON by 109.3% during the 3rd quarter. American Century Companies Inc. now owns 6,566,787 shares of the company's stock worth $182,688,000 after purchasing an additional 3,428,794 shares during the period. 1832 Asset Management L.P. grew its stake in shares of ON by 1,022.9% during the 1st quarter. 1832 Asset Management L.P. now owns 2,542,200 shares of the company's stock worth $78,884,000 after purchasing an additional 2,315,800 shares during the period. Bamco Inc. NY grew its stake in shares of ON by 243.0% during the 3rd quarter. Bamco Inc. NY now owns 3,028,002 shares of the company's stock worth $84,239,000 after purchasing an additional 2,145,318 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new position in shares of ON during the 3rd quarter worth $59,539,000. Hedge funds and other institutional investors own 33.11% of the company's stock.
ON Stock Performance
Shares of ONON traded up $0.34 during trading hours on Tuesday, hitting $32.56. 4,467,039 shares of the company were exchanged, compared to its average volume of 5,456,127. The company has a market cap of $20.50 billion, a PE ratio of 120.57, a PEG ratio of 1.28 and a beta of 2.16. The firm's 50 day moving average is $32.84 and its 200-day moving average is $29.25. On Holding AG has a 52 week low of $23.41 and a 52 week high of $37.08.
ON (NYSE:ONON - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $515.30 million. As a group, equities analysts forecast that On Holding AG will post 0.67 earnings per share for the current fiscal year.
Analyst Ratings Changes
ONON has been the topic of several analyst reports. Piper Sandler raised their price target on shares of ON from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $37.00 price target on shares of ON in a research note on Wednesday, March 6th. Truist Financial raised their price target on shares of ON from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Wednesday, March 13th. Evercore ISI decreased their price target on shares of ON from $40.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 13th. Finally, Barclays assumed coverage on shares of ON in a research report on Monday, April 1st. They issued an "overweight" rating and a $38.00 target price on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.13.
Read Our Latest Analysis on ONON
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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