Duality Advisers LP acquired a new position in shares of On Holding AG (NYSE:ONON - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,986 shares of the company's stock, valued at approximately $1,159,000.
A number of other large investors have also made changes to their positions in ONON. Allspring Global Investments Holdings LLC increased its position in shares of ON by 4.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,708,416 shares of the company's stock worth $46,076,000 after purchasing an additional 76,746 shares in the last quarter. Liontrust Investment Partners LLP grew its stake in ON by 204.7% during the third quarter. Liontrust Investment Partners LLP now owns 517,942 shares of the company's stock worth $14,410,000 after buying an additional 347,942 shares during the last quarter. Jennison Associates LLC grew its stake in ON by 7.6% during the third quarter. Jennison Associates LLC now owns 7,887,000 shares of the company's stock worth $219,416,000 after buying an additional 554,513 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in ON by 127.9% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 131,585 shares of the company's stock worth $3,549,000 after buying an additional 73,839 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its stake in ON by 10.3% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 292,338 shares of the company's stock worth $8,133,000 after buying an additional 27,206 shares during the last quarter. Institutional investors and hedge funds own 33.11% of the company's stock.
ON Stock Down 0.6 %
Shares of ONON stock traded down $0.21 during mid-day trading on Wednesday, reaching $32.35. 2,023,710 shares of the company's stock traded hands, compared to its average volume of 5,259,708. The company has a market cap of $20.37 billion, a P/E ratio of 121.52, a P/E/G ratio of 1.12 and a beta of 2.16. The company's 50-day moving average price is $33.17 and its 200-day moving average price is $29.50. On Holding AG has a 12 month low of $23.41 and a 12 month high of $37.08.
ON (NYSE:ONON - Get Free Report) last issued its 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 return on equity of 6.85% and a net margin of 4.04%. The business had revenue of $504.69 million during the quarter, compared to analysts' expectations of $515.30 million. Equities analysts predict that On Holding AG will post 0.65 earnings per share for the current year.
Analyst Ratings Changes
ONON has been the topic of a number of research reports. Redburn Atlantic reiterated a "neutral" rating and set a $34.00 target price on shares of ON in a research report on Thursday, March 7th. Evercore ISI lowered their price objective on shares of ON from $40.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, March 13th. 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 note on Monday, April 1st. They issued an "overweight" rating and a $38.00 price target for the company. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $40.00 price target on shares of ON in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, ON currently has an average rating of "Moderate Buy" and an average price target of $37.13.
Read Our Latest Stock Analysis on ONON
ON Company 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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