APEIRON CAPITAL Ltd Buys 47,229 Shares of On Holding AG (NYSE:ONON)

APEIRON CAPITAL Ltd increased its position in On Holding AG (NYSE:ONON - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,085,922 shares of the company's stock after acquiring an additional 47,229 shares during the period. ON makes up 43.0% of APEIRON CAPITAL Ltd's portfolio, making the stock its biggest position. APEIRON CAPITAL Ltd owned approximately 0.17% of ON worth $29,287,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Kornitzer Capital Management Inc. KS acquired a new position in ON during the 4th quarter valued at about $245,000. J.W. Cole Advisors Inc. acquired a new position in ON during the 4th quarter valued at about $360,000. Federated Hermes Inc. increased its stake in ON by 54.2% during the 4th quarter. Federated Hermes Inc. now owns 555,000 shares of the company's stock valued at $14,968,000 after buying an additional 195,000 shares during the period. Rakuten Securities Inc. acquired a new position in ON during the 4th quarter valued at about $47,000. Finally, Cerity Partners LLC acquired a new position in ON during the 4th quarter valued at about $6,520,000. Institutional investors and hedge funds own 33.11% of the company's stock.

ON Stock Performance

Shares of ONON stock traded down $1.43 during trading on Friday, hitting $31.58. 3,003,071 shares of the company were exchanged, compared to its average volume of 3,702,715. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 116.96, a P/E/G ratio of 1.13 and a beta of 2.16. The business's 50-day simple moving average is $33.08 and its 200 day simple moving average is $29.34. On Holding AG has a twelve month low of $23.41 and a twelve month high of $37.08.

ON (NYSE:ONON - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). The company had revenue of $504.69 million for the quarter, compared to analyst estimates of $515.30 million. ON had a return on equity of 6.85% and a net margin of 4.04%. On average, equities analysts forecast that On Holding AG will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $32.00 price objective on shares of ON in a research note on Thursday, April 11th. Redburn Atlantic reaffirmed a "neutral" rating and issued a $34.00 price objective on shares of ON in a research note on Thursday, March 7th. William Blair assumed coverage on shares of ON in a research note on Tuesday. They issued an "outperform" rating on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a $40.00 price objective on shares of ON in a research note on Tuesday, March 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of ON in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.13.

About ON

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.