Scientech Research LLC trimmed its holdings in On Holding AG (NYSE:ONON - Free Report) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,685 shares of the company's stock after selling 15,936 shares during the period. Scientech Research LLC's holdings in ON were worth $1,133,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Strategic Financial Concepts LLC bought a new position in shares of ON during the 4th quarter valued at about $30,000. Legacy Bridge LLC purchased a new stake in shares of ON in the fourth quarter worth about $43,000. Bernard Wealth Management Corp. purchased a new stake in shares of ON in the fourth quarter worth about $44,000. Arcadia Investment Management Corp MI bought a new position in ON during the fourth quarter valued at approximately $53,000. Finally, VisionPoint Advisory Group LLC purchased a new position in ON during the 4th quarter valued at approximately $65,000. Institutional investors own 36.39% of the company's stock.
ON Price Performance
Shares of NYSE:ONON traded down $0.27 during trading on Thursday, reaching $58.87. 1,466,187 shares of the company were exchanged, compared to its average volume of 4,614,927. The business's fifty day simple moving average is $46.94 and its 200-day simple moving average is $51.94. On Holding AG has a 12-month low of $34.59 and a 12-month high of $64.05. The firm has a market capitalization of $37.07 billion, a PE ratio of 136.83, a P/E/G ratio of 1.02 and a beta of 2.30.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ONON. Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. UBS Group set a $75.00 price objective on shares of ON in a research report on Wednesday, May 14th. KeyCorp boosted their target price on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Telsey Advisory Group restated an "outperform" rating and set a $65.00 target price on shares of ON in a research report on Tuesday, May 13th. Finally, Truist Financial lifted their price target on ON from $61.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $62.45.
Check Out Our Latest Stock Report on ONON
About ON
(
Free Report)
On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.
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