TCG Advisory Services LLC purchased a new position in shares of On Holding AG (NYSE:ONON - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 47,804 shares of the company's stock, valued at approximately $1,289,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in ON by 20.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,145 shares of the company's stock worth $60,000 after purchasing an additional 367 shares in the last quarter. Janney Capital Management LLC boosted its holdings in ON by 2.7% during the 3rd quarter. Janney Capital Management LLC now owns 14,450 shares of the company's stock valued at $402,000 after acquiring an additional 384 shares during the period. Pittenger & Anderson Inc. grew its position in ON by 34.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 1,550 shares of the company's stock valued at $43,000 after acquiring an additional 400 shares in the last quarter. Spire Wealth Management increased its stake in ON by 91.0% during the third quarter. Spire Wealth Management now owns 972 shares of the company's stock worth $27,000 after purchasing an additional 463 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of ON by 63.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,521 shares of the company's stock worth $42,000 after purchasing an additional 592 shares in the last quarter. 33.11% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
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. Piper Sandler upped their price objective on ON from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, March 21st. TD Cowen lifted their target price on ON from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday. Evercore ISI cut their price target on ON from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, March 13th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $32.00 price target on shares of ON in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.33.
Get Our Latest Stock Analysis on ONON
ON Trading Up 1.6 %
Shares of NYSE ONON traded up $0.53 during mid-day trading on Friday, reaching $33.27. The company had a trading volume of 2,391,279 shares, compared to its average volume of 3,380,708. On Holding AG has a 52-week low of $23.41 and a 52-week high of $37.08. The stock has a market cap of $20.95 billion, a P/E ratio of 123.22, a PEG ratio of 1.15 and a beta of 2.17. The firm has a 50 day simple moving average of $33.23 and a two-hundred day simple moving average of $29.89.
ON (NYSE:ONON - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). ON had a return on equity of 6.85% and a net margin of 4.04%. The firm had revenue of $504.69 million for the quarter, compared to analysts' expectations of $515.30 million. On average, equities analysts expect that On Holding AG will post 0.65 EPS for the current year.
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.
Featured Stories
Before you consider ON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.
While ON currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
