Two Sigma Securities LLC Trims Holdings in On Holding AG (NYSE:ONON)

Two Sigma Securities LLC lessened its position in On Holding AG (NYSE:ONON - Free Report) by 90.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,365 shares of the company's stock after selling 69,381 shares during the quarter. Two Sigma Securities LLC's holdings in ON were worth $403,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital Advisors Inc. OK increased its position in shares of ON by 3.2% in the 4th quarter. Capital Advisors Inc. OK now owns 6,386 shares of the company's stock valued at $350,000 after purchasing an additional 200 shares during the last quarter. Keystone Investors PTE Ltd. raised its stake in ON by 0.8% in the fourth quarter. Keystone Investors PTE Ltd. now owns 29,918 shares of the company's stock valued at $1,639,000 after buying an additional 228 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in ON by 2.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 9,413 shares of the company's stock worth $516,000 after buying an additional 259 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of ON by 2.4% during the 4th quarter. CreativeOne Wealth LLC now owns 13,574 shares of the company's stock worth $743,000 after acquiring an additional 323 shares in the last quarter. Finally, Atria Investments Inc raised its position in shares of ON by 6.6% during the 4th quarter. Atria Investments Inc now owns 5,515 shares of the company's stock worth $302,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

ON Stock Down 0.8 %

Shares of ONON traded down $0.39 on Thursday, reaching $47.72. The stock had a trading volume of 3,046,523 shares, compared to its average volume of 4,684,405. The firm has a market capitalization of $30.05 billion, a PE ratio of 110.98, a PEG ratio of 1.02 and a beta of 2.32. On Holding AG has a twelve month low of $29.84 and a twelve month high of $64.05. The firm has a 50-day moving average of $45.17 and a 200 day moving average of $51.41.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ONON shares. Williams Trading upped their target price on shares of ON from $60.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Barclays raised their price objective on ON from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Jefferies Financial Group began coverage on ON in a research report on Tuesday, April 1st. They issued a "hold" rating and a $44.00 target price for the company. Hsbc Global Res upgraded ON from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, UBS Group raised their target price on shares of ON from $56.00 to $59.00 and gave the stock a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, ON presently has a consensus rating of "Buy" and an average price target of $58.77.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.