On Holding AG (NYSE:ONON) Shares Acquired by Nicholas Investment Partners LP

→ Gold Prices Surge and This $0.32 Stock Is Reaping The Rewards (From Market JAR) (Ad)

Nicholas Investment Partners LP lifted its position in On Holding AG (NYSE:ONON - Free Report) by 607.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,232 shares of the company's stock after acquiring an additional 111,829 shares during the period. Nicholas Investment Partners LP's holdings in ON were worth $3,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Get ON alerts:

On Shares Move Higher in Race to a New All-Time High

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in 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 last quarter. Bamco Inc. NY boosted its stake in 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 last quarter. Jericho Capital Asset Management L.P. acquired a new stake in ON during the 3rd quarter worth $59,539,000. Rokos Capital Management LLP boosted its stake in ON by 642.3% during the 3rd quarter. Rokos Capital Management LLP now owns 2,075,457 shares of the company's stock worth $58,268,000 after purchasing an additional 1,795,849 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in ON during the 3rd quarter worth $18,126,000. Hedge funds and other institutional investors own 33.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Redburn Atlantic reaffirmed a "neutral" rating and set a $34.00 target price on shares of ON in a research note on Thursday, March 7th. Needham & Company LLC boosted their price target on shares of ON from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday. TD Cowen boosted their price target on shares of ON from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Evercore ISI boosted their price target on shares of ON from $40.00 to $43.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Telsey Advisory Group boosted their price target on shares of ON from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.80.

Ad Weiss Ratings

Nvidia is now part of $3 Trillion Market Cap Club

A small handful of Nvidia’s partners could see their own stocks surge upwards. They’re virtually unknown right now, but that won’t be the case much longer.

Click here to find out who they are today.

4 Stocks with Surprisingly Large Short Interest

Check Out Our Latest Report on ON

ON Stock Up 0.3 %

ONON traded up $0.12 on Wednesday, reaching $36.42. The company's stock had a trading volume of 10,780,569 shares, compared to its average volume of 5,384,029. The stock has a 50 day moving average of $33.15 and a two-hundred day moving average of $30.35. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 134.87, a P/E/G ratio of 1.08 and a beta of 2.17. On Holding AG has a fifty-two week low of $23.41 and a fifty-two week high of $37.49.

ON Holdings Stock Price Tumbles: Is Now The Time to Buy?

ON (NYSE:ONON - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.18). The business had revenue of $504.69 million during the quarter, compared to analyst estimates of $515.30 million. ON had a net margin of 4.04% and a return on equity of 6.85%. As a group, analysts anticipate that On Holding AG will post 0.65 earnings per share for the current fiscal 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.

Should you invest $1,000 in ON right now?

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